2950 State Hwy 223, Flat Lick, KY 40935

Property Description

Prime Commercial/Residential Opportunity with Established Income Potential This versatile property offers a unique opportunity for both commercial and residential use, situated on approximately 0.589 acres (per survey) in a highly desirable, high-visibility location. The property features a 3,200 square foot building that was previously operated as a country store, along with a 3,200 square foot unfinished basement, providing substantial additional space for storage, expansion, or future development. In addition to retail use, the building has also previously operated as a deli-style restaurant, offering even greater flexibility for future business ventures. All existing contents will convey with the sale, providing added value and convenience for the next owner. A portion of the building, approximately 960 square feet, is currently leased to the United States Postal Service, creating an immediate and reliable income stream. The remaining space presents excellent potential for retail, restaurant, office use, or redevelopment based on your business vision. The property is equipped with three gas pumps and one diesel pump, making it well-suited for continued convenience store operations or fuel service. Additionally, an easement is in place to allow for access and turning into the parking area, ensuring ease of entry and traffic flow. The septic system is located on an adjoining property, with a legally granted easement in place for its use, providing peace of mind and continued functionality. Positioned on a corner lot, this property offers additional development potential, including space suitable for constructing another building for storage, rental income, or an additional business venture. With its strategic location, established infrastructure, multiple use possibilities—including prior retail and restaurant operations—and existing income-producing tenant, this is truly a prime investment property with strong potential for growth and profitability.