721 River Drive, Irvine, KY 40336 (MLS# 26021862)

721 River Drive, Irvine, KY 40336

New Listing

$2,990,000

Prime investment opportunity along KY Highway 52 with approximately $3,300 in monthly rental income, multiple rental spaces, and excellent highway visibility!

Excellent visibility along KY Highway 52 with direct railroad exposure and convenient access—positioned in the heart of Irvine with the surrounding Eastern Kentucky mountains as a backdrop!

Beautiful aerial view showcasing the property’s convenient Irvine location, surrounded by the scenic mountains!

Currently operating as an appliance repair shop, offering immediate income potential—the seller is willing to lease the space from the new owner!

1,260 sq. ft. of open display space—plenty of room to showcase merchandise and create multiple displays!

Spacious first-floor display area offers a flexible, open layout with plenty of room to showcase merchandise and welcome customers.

Convenient office space located right within the main display area—perfect for handling day-to-day business while staying connected to customers and the showroom!

Dedicated office space provides plenty of room for multiple workstations, storage, and day-to-day business operations!

Convenient restroom for you, your employees, and customers, another great feature for a busy commercial space.

The large front windows fill the space with natural light while providing excellent visibility for showcasing your business and displays to passing traffic!

1,368 sq. ft. showcase floor offers a wide-open, flexible layout with plenty of room for displays, merchandise, or multiple business uses!

Visibility from the road, perfect for eye-catching displays and showcasing your business!

Two spacious workshop areas located directly behind the second showcase floor—ideal for repairs, storage, inventory, or additional workspace!

Great safe area to park your service truck!

Convenient storage area located just behind the kitchen with direct access to the rear covered porch, great for extra storage and easy access.

Covered rear porch with stairs down to the main level!

Property Type: Business Opportunity Square Footage: 7,232 Lot Size (sq. ft.): 8,712 Status: Active

Current Price: $2,990,000 List Date: 8/12/2026 Last Modified: 8/12/2026

Overview

Description

Opportunity Knocks! Start or expand your rental portfolio with a property currently generating approximately $3,300 per month in rental income! If you've always wanted to own an investment property, start your own business, or create a multi-tenant commercial space, this could be the opportunity you've been waiting for. Offering approximately 7,232 square feet of showroom, office, workshop, and living space, this versatile property provides numerous possibilities. The large apartment and rented free-standing building provide an established foundation for rental income, with additional space that could potentially be leased to businesses or adapted for other uses. Located along KY Highway 52 with highway and railroad exposure, the property is positioned near the growing Kentucky Steam Heritage Corporation development. Kentucky Steam is bringing scenic train excursions, concerts, special events, and tourism activity to the area—adding another exciting dimension to this location. Inv ... (Read more)

Listing Details MLS# 26021862

Listing Information

Comp Sale YN: No
Property Sub Type: Business

Status Change Information

Status Change Timestamp: 2026-08-12

Address

County: Estill
Street Number: 721
Street Name: River
Street Suffix: Drive
State: KY
Zip Code: 40336
Parcel Number: 071-40-10-015.00
Deed Book: 344
Deed Page: 619

Contract

Original List Price: 2990000
Start Showing Date: 2026-08-12
Listing Contract Date: 2026-08-11
Listing Agreement: Exclusive Right To Sell
Occupant Type: Occupied
Office Exclusive YN: No
List Price/Acre: 14950000

Tax Legal

MLS Area Major: 020 - Estill County
Subdivision Name: Commercial

Building

Living Area: 7232
Living Area Units: Square Feet
Living Area Source: Public Records
Building Area Total: 7232
Building Area Source: Public Records
Building Area Units: Square Feet
Year Built: 9999

More Information

Lot

Lot Size Acres: 0.2
Lot Size Square Feet: 8712

Remarks

Public Remarks: Opportunity Knocks! Start or expand your rental portfolio with a property currently generating approximately $3,300 per month in rental income! If you've always wanted to own an investment property, start your own business, or create a multi-tenant commercial space, this could be the opportunity you've been waiting for. Offering approximately 7,232 square feet of showroom, office, workshop, and living space, this versatile property provides numerous possibilities. The large apartment and rented free-standing building provide an established foundation for rental income, with additional space that could potentially be leased to businesses or adapted for other uses. Located along KY Highway 52 with highway and railroad exposure, the property is positioned near the growing Kentucky Steam Heritage Corporation development. Kentucky Steam is bringing scenic train excursions, concerts, special events, and tourism activity to the area—adding another exciting dimension to this location. Investment property, rental income, business space, or a combination of all three, the possibilities are here!

Building and Property Details

Building Expansion Potential YN: No

Tax & Legal

Directions: 725 River Dr, Irvine, KY 40336

Business Type

Retail: Yes

Sale Or Lease Includes

Building(s): Yes

Showing Requirements

Call Listing Agent: Yes
Showing Service: Yes

Property Features

Business Type: Retail Sale Or Lease Includes: Building(s) Showing Requirements: Call Listing Agent; Showing Service

Listing Office: Joyce Marcum Realty

Last Updated: August - 12 - 2026

Information deemed reliable but not guaranteed.