201 E Pike St, Cynthiana, KY 41031

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List Price
$429,900
Status
ACTIVE
Days on Market
27
Price Change
▼ $40,000 1792042941
MLS#
26007232
Subtype
Commercial Sale
Year Built
1869
Lot Size
3,920
Acres
0.09
Subdivision
Downtown
Neighborhood
016 - Harrison County
MLS Area Major
016 - Harrison County

Property Description

Located in the heart of downtown Cynthiana, 201 East Pike Street is a beautifully restored mixed-use building positioned on the highly visible corner of Pike and Walnut, offering exceptional exposure in a thriving business district. This turnkey investment opportunity features a fully occupied property with strong, consistent income from day one. The ground level is leased to a successful, established bookstore, providing a stable commercial anchor. The upper level includes four fully rented residential units, consisting of three efficiency apartments and one one-bedroom apartment, offering a well-balanced rental mix. The building underwent a complete renovation in 2019, blending historic charm with modern updates, ensuring low maintenance and long-term appeal. With its prime location, strong tenant occupancy, and immediate cash flow, this property presents an outstanding opportunity for investors seeking a high-performing asset in a growing downtown market.

Additional Information

Zoning
Other
Heating
Baseboard, Electric, Heat Pump
Air Conditioning
Electric, Other
Roof
Rubber

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Calculator source: Real Geeks

Listing courtesy of Mary Todd Ashbrook of Palmer-Hampton Realty.