65 Highland Ave - Churches FOR SALE


Lancaster, KY 40444
$359,800 USD
859-339-8105
65 Highland Ave, Lancaster, KY for Sale
$359,800 USD
Churches - FOR SALE
1/36
null | 2.17% Cap Rate

65 Highland Ave
Lancaster, KY 40444


HIGHLIGHTS

  • Two Adjacent Church Buildings totaling ±12,000 SF on 4 parcels
  • Renovated in 2021 – newer HVAC, plumbing, and bathroom fixtures
  • Adjacent parking lot included for convenient on-site access

OVERVIEW

Unique opportunity to acquire two adjacent church buildings with over 12,000 square feet of combined space, located in the heart of Lancaster, KY. Positioned on four contiguous parcels, this offering includes a paved parking lot, income from an existing tenant, and excellent potential for adaptive reuse or redevelopment. Key Features: White Church (57 Highland Ave) Renovated in 2021 Newer HVAC, updated plumbing, new toilets & tub Includes upstairs studio apartment Currently rented month-to-month for $650/mo Brick Church (65 Highland Ave) Former Church of the Nazarene Large open sanctuary + partially finished basement In need of renovation – ideal value-add Combined ±12,000 SF of usable space Zoned Commercial – flexible use options 4 parcels total including adjacent parking lot Downtown location near US-27 & Courthouse Square Public utilities available (buyer to verify) Ideal For: Church or Faith-Based Organization Community Center or Non-Profit Multi-Family or Residential Redevelopment Event Venue or Institutional Use Value-Add Investment Property

FOR SALE DETAILS

PRICE

$359,800 USD

PRICE/SF

$30 USD /SF

CAP RATE

2.17%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

For Sale | ±12,000 SF Church Portfolio

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Churches

ADD'L SUBTYPES

Parking Lot

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

-

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Residential

APN/PARCEL ID

L2-13-023

ASK ABOUT THIS PROPERTY

Tanner GoodKYCBMore Info
859-339-8105

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Tanner GoodKYCBMore Info
859-339-8105

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.