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4395 KY 10 - Buchanan Station, Germantown, KY

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4395 KY 10 - Buchanan Station

Germantown, KY 41044 - Bracken County Submarket

Property Type:Retail Sub Type:Storefront Retail/Residential Status:Existing Year Built:-
Building Size:9,500 SF Land Area:2.5 AC (108,900 SF)
For Sale Price:$399,000 Price/SF:$42.00
Cap Rate:-

A great turnkey restaurant property is available in Germantown, KY just minutes from Maysville, KY and close proximity to five counties. The bar area of this property was once a train station ( circa 1870 ) and has recently be remodeled and fit up to be a full service restaurant. The owner of the property is relocating and needs to sell . The basement is also fit up as a commercial kitchen and would be perfect for catering . The second floor has three nice apartments which are all rented out. One of these could be an owner' s or chef' s residence. This rental income stream could service debt incurred in the property acquisition. The property could also be used as a special event venue for receptions, parties, etc. A casual theme and/or comfort food concept would be perfect at this location.

Sale Notes:
Asking price: $399,000

Wedding/Receptions/Rehearsals/Reunions/Conference Meeting. Seating will accommodate 100 inside/60 on the deck/100 at fountain level. ALL equipment needed w/linen for tables. Pre-permitted liquor by drink on Mason County side. Bar Area w/ALL permits obtained & lawful, code followed. The best of everything used to develop this property. No expense spared. One of a kind! Possible Bed & Breakfast.

3 apartments / good rental history. Rent brings in $450 / $525 / $400 per month for the 3 apartments. Annual rental income is $16,500. Tenants pay electric. Owner pays water/sewer. All rooms except basement wired for cable.
Center of Germantown

Ken Perry Realty
Ken Perry
(859) 442-6800

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