1620 Shakertown Rd, Danville, KY 40422 Danville Mixed-Use | Garage, Apartment & Storage Units Asking Price: $479,900 Building Size: ±3,776 SF | Lot Size: ±1.13 Acres Zoning: Neighborhood Business (B-N) Year Built: 1987 | Renovated: 2018 Cap Rate: 1.70% | Pro Forma Cap: 10.20% Occupancy: 71% | Pro Forma NOI: $48,960 Price per SqFt: $127.10 Property Overview Excellent mixed-use investment opportunity located along the Shakertown Road corridor in Danville, Kentucky. This property blends multiple income-producing components—garage bays, apartment, and storage units—creating diversified cash flow with strong value-add potential. Originally designed as a car wash and automotive shop, the building’s flexible layout makes it suitable for service-based businesses, trades, or owner-occupants. The property also includes a fully built one-bedroom apartment and five rented storage units offering immediate income. Building Features: • ±3,776 SF two-story mixed-use structure • 2-bay insulated garage with roll-up doors and floor drains • Upstairs 1-bed / 1-bath apartment with private entrance • 5 secure storage units with existing tenants • PVC rough-in for an additional restroom buildout • Concrete parking pad with ample on-site spaces • Updated electric, HVAC, and roofing improvements (2018) Investment Highlights • Reduced Price: Now offered at $479,900 — strong basis at $127/SF • Immediate Income: 5 rented storage units producing $680/month ($8,160/year) • Residential Upside: Apartment can rent for $800–$900/month (tenant-paid utilities) • Owner-User Flexibility: Garage bays ready for automotive, service, or trades • Value-Add Potential: Lease garage bays or operate your own business on-site • High-Visibility Corridor: Excellent exposure along US-127/Shakertown Rd • Pro Forma Potential: $4,000+/month stabilized gross income Financial Overview Metric Value Asking Price $479,900 Current NOI $8,160 Current Cap Rate 1.70% Pro Forma NOI $48,960 Pro Forma Cap Rate 10.20% Occupancy 71% Units 7 Total (5 Storage, 1 Garage, 1 Apartment) Price/SF $127.10 Location Overview Located on Shakertown Rd / US-127, one of Danville’s most active commercial corridors, just minutes from the bypass and downtown. • 2.2 miles to Downtown Danville • 2.3 miles to Centre College • 2.6 miles to Ephraim McDowell Regional Medical Center • 1.7 miles to US-150 Bypass Surrounded by a mix of residential neighborhoods, retail, and light industrial uses — ideal for an owner-user or small business seeking visibility and access. Property Details Feature Detail Property Type Mixed-Use / Retail Subtype Auto Shop / Live-Work Buildings 1 Stories 2 Year Built 1987 Renovated 2018 Lot Size 49,223 SF (1.13 Acres) APN 045-000-111 Ownership 100% Fee Simple