1350 S Main Street, London, KY 40741
$725,000
Property Type:
Commercial Sale
Square Footage:
5,937
Lot Size (sq. ft.):
43,560
Status:
Active
Current Price:
$725,000
List Date:
7/02/2026
Last Modified:
7/02/2026
Listing Details MLS# 26015816
Listing Information
- Comp Sale YN
- No
- Property Sub Type
- Hotel/Motel
Status Change Information
- Status Change Timestamp
- 2026-07-02
Address
- County
- Laurel
- Street Number
- 1350
- Street Direction Prefix
- S
- Street Name
- Main
- Street Suffix
- Street
- State
- KY
- Zip Code
- 40741
- Zip +4
- 2034
- Parcel Number
- 063-10-00-061.00
Contract
- Original List Price
- 725000
- Start Showing Date
- 2026-07-02
- Listing Contract Date
- 2026-07-01
- Listing Agreement
- Exclusive Right To Sell
- Owner Name
- Multi-Unit/Multi-Family Residential
- Occupant Type
- Tenant
- Office Exclusive YN
- No
- List Price/SqFt
- 122.12
Tax Legal
- MLS Area Major
- 044 - Laurel County
- Subdivision Name
- City Limits
Interior
- Living Area
- 5937
- Living Area Units
- Square Feet
- Building Area Total
- 5937
- Building Area Source
- Public Records
- Building Area Units
- Square Feet
More Information
Building
- Year Built
- 1971
- Accessibility Features YN
- Yes
Lot
- Lot Size Acres
- Yes
- Lot Size Square Feet
- 43560
- Lot Size Dimensions
- 247 x ?
Utilities
- Cooling YN
- Yes
- Heating YN
- Yes
- Electricity Available
- Yes
- Natural Gas Not Available
- Yes
- Sewer Available
- Yes
- Water Available
- Yes
Remarks
- Public Remarks
- Don't miss this exceptional investment opportunity! This 16-room hotel sits on approximately 1 acre of commercially zoned property with outstanding frontage on a major roadway within city limits, offering excellent visibility and long-term growth potential. located just 2.3 miles from I-75 interstate. The property is currently leased under a 5-year Triple Net (NNN) lease, providing a stable income stream while minimizing owner responsibilities. With the current lease in place, the rental income is designed to cover the property's carrying costs, making this an attractive opportunity for investors seeking immediate cash flow. Beyond its current income, this property offers tremendous long-term potential. Its prime location, generous lot size, and increasing demand for well-positioned commercial real estate make it a valuable addition to any investment portfolio. Continue operating under the existing lease, or explore future redevelopment and business opportunities as the area continues to grow. Whether you're a seasoned investor or looking to diversify your portfolio, this property combines reliable income today with strong appreciation potential for tomorrow. Invest in a property that offers income today and exciting possibilities for the future. Prior to the 5 year current lease, the property was cash flowing itself as monthly room rentals. As inflation keeps increasing, the demand for economy style monthly rentals increase as well.
Showing Information
- Showing Instructions
- 24 hr notice required as building is occupied
Tax & Legal
- Tax Rate
- 8.56
- Zoning
- R-1
- Zoning Description
- Commercial
- Directions
- from exit 38 southbound, turn left onto hwy 192. travel 1.7 miles turn left onto s Main Street, travel .5 miles and turn right. in 70 ft the hotel is on your left.
Cooling
- Wall Unit(s)
- Yes
Heating
- Ductless
- Yes
Possession
- Close Of Escrow
- Yes
Sewer
- Public Sewer
- Yes
Special Listing Conditions
- Standard
- Yes
Business Type
- Hotel/Motel
- Yes
- Mixed
- Yes
Existing Lease Type
- NNN
- Yes
Sale Includes
- Building(s)
- Yes
- Leases
- Yes
Showing Requirements
- Call Listing Agent
- Yes
- Showing Service
- Yes
Documents
- Survey
- Yes
Property Features
Utilities:
Electricity Available; Natural Gas Not Available; Sewer Available; Water Available; Electricity Available; Natural Gas Not Available; Sewer Available; Water Available
Business Type:
Hotel/Motel; Mixed
Cooling:
Wall Unit(s)
Existing Lease Type:
NNN
Heating:
Ductless
Possession:
Close Of Escrow
Sale Includes:
Building(s); Leases
Sewer:
Public Sewer
Special Listing Conditions:
Standard
Showing Requirements:
Call Listing Agent; Showing Service
Documents:
Survey
Listing Office:
Keller Williams Legacy Group
Last Updated: July - 02 - 2026
Information deemed reliable but not guaranteed.