209 N Main Street, Versailles, KY 40383

$1,000,000
Property Type: Commercial Sale Square Footage: 20,800 Lot Size (sq. ft.): 37,026 Status: Closed
Current Price: $1,000,000 List Date: 5/12/2015 Last Modified: 9/03/2025

Overview

Description

Thoroughbred Square in Downtown Versailles, KY. Retail and Office with over 72% occupied, triple net. Large lighted parking lot with 50+ spaces. Nearly entire City Block in growing Woodford County KY. Great Investment or Owner Occupied Opportunity. (Note, two of the spaces, 4,400 and 1286 sqft respectfully are owner occupied with Condominium Agreement and pay applicable condo fees. Adjacent Historic property may also be available, call Broker for details.

Listing Details MLS# 1509836

Listing Information

Property Sub Type
Office

Status Change Information

Price Change Timestamp
2016-05-27T14:21:49Z
Status Change Timestamp
2016-05-27
Purchase Contract Date
2016-03-10
Close Date
2016-05-26
Close Price
1000000
Buyer Financing
Cash
Sale Type
Arms Length Sale
Concessions Comments
n/a

Address

County
Woodford
Street Number
209
Street Name
N Main
Street Suffix
Street
State
KY
Zip Code
40383

Contract

Original List Price
1200000
Start Showing Date
2015-04-30
Listing Contract Date
2015-04-30
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant
Office Exclusive YN
No
List Price/SqFt
57.69
Sold Price/SqFt
48.08
SP/LP
0.83

Tax Legal

MLS Area Major
010 - Woodford County
Subdivision Name
Downtown

Interior

Building Area Total
20800

More Information

Parking Information

Parking Total
55

Building

Year Built
2006
Stories Total
2
Leasable Area
15000

Lot

Lot Size Acres
0.85
Lot Size Square Feet
37026.03

Utilities

Cooling YN
Yes
Electricity Available
Yes
Natural Gas Available
Yes
Phone Available
Yes
Sewer Connected
Yes
Water Available
Yes

Remarks

Public Remarks
Thoroughbred Square in Downtown Versailles, KY. Retail and Office with over 72% occupied, triple net. Large lighted parking lot with 50+ spaces. Nearly entire City Block in growing Woodford County KY. Great Investment or Owner Occupied Opportunity. (Note, two of the spaces, 4,400 and 1286 sqft respectfully are owner occupied with Condominium Agreement and pay applicable condo fees. Adjacent Historic property may also be available, call Broker for details.

Building and Property Details

# of Floors Serviced
2
Retail SqFt
9100

Income and Expenses

Gross Income
117990

Tax & Legal

Tax Rate
9.94
Zoning Description
B-2
Directions
Corner Of North Main and East Green Street in Downtown Versailles, KY

Association/Community

Number Of Buildings
1

Construction Materials

Brick
Yes
Concrete
Yes
Steel Frame
Yes
Stone
Yes

Parking Features

Paved
Yes

Possession

Close Of Escrow
Yes

Roof

Flat
Yes
Membrane
Yes

Special Listing Conditions

Standard
Yes

Water Heater

Water Heater
Yes

Building Features

Concrete Floor
Yes
Elevator(s)
Yes
Partially Carpeted
Yes
Vinyl Flooring
Yes

Business Type

Professional/Office
Yes
Retail
Yes

Ceiling

Dropped
Yes
Drywall
Yes

Existing Lease Type

NNN
Yes

Sale Includes

Building(s)
Yes
Land
Yes

Tenant Pays

Electricity
Yes
Gas
Yes
Insurance
Yes
Sewer
Yes
Taxes
Yes
Water
Yes

Property Features

Utilities: Electricity Available; Natural Gas Available; Phone Available; Sewer Connected; Water Available; Electricity Available; Natural Gas Available; Phone Available; Sewer Connected; Water Available Building Features: Concrete Floor; Elevator(s); Partially Carpeted; Vinyl Flooring Business Type: Professional/Office; Retail Ceiling: Dropped; Drywall Construction Materials: Brick; Concrete; Steel Frame; Stone Existing Lease Type: NNN Parking Features: Paved Possession: Close Of Escrow Roof: Flat; Membrane Sale Includes: Building(s); Land Special Listing Conditions: Standard Tenant Pays: Electricity; Gas; Insurance; Sewer; Taxes; Water Water Heater: Water Heater
Listing Office: Biederman Real Estate
Last Updated: September - 03 - 2025
Information deemed reliable but not guaranteed.