201 E Pike St, Cynthiana, KY 41031

$469,900

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List Price
$469,900
MLS#
26007232
Status
ACTIVE
Type
Commercial
Subtype
Mixed Use
Lot Size
3,920

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

Year Built
1869
Basement
Full, Interior Entry, Sump Pump
Sewer
Public Sewer
Heating
Baseboard, Electric, Heat Pump
Roof
Rubber

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Calculator source: Real Geeks

Listing courtesy of Palmer-Hampton Realty.