1108 E Main St, Cumberland, KY 40823

$399,000

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List Price
$399,000
Status
ACTIVE
Days on Market
3
MLS#
26025940
Subtype
Commercial Sale
Year Built
1970
Lot Size
25,047
Acres
0.58
Neighborhood
086 - Harlan County
MLS Area Major
086 - Harlan County

Property Description

Rare opportunity to purchase an established operating business, commercial property and residential space all in one! Located on East Main Street in Cumberland, this long-standing family-owned liquor store has roots dating back to the 1950s and has served the tri-city area for decades. The commercial space features a retail sales area, two stockrooms, walk-in cooler, additional coolers, restroom and convenient rear overhead-door access for loading and deliveries. Upstairs, a spacious 3 bedroom, 1 bath apartment was completely remodeled in 2021, offering the next owner the flexibility of an onsite residence or potential additional income opportunity. The property also provides ample off-street parking and an additional rear lot, adding valuable space and possibilities for future use. Offered at $399,000, the sale includes the real estate and operating business. Inventory is not included in the list price and will be purchased separately based on inventory on hand at closing. An exceptional opportunity to acquire a multi-use commercial property with an established business and residential component in the heart of Cumberland.

Additional Information

Heating
Forced Air, Propane
Air Conditioning
Central Air
Roof
Flat
Parking Features
On Site, Paved

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Calculator source: Real Geeks

Listing courtesy of Sheldon Parrott of Bluegrass Properties Group.