133 W Dixie Avenue Elizabethtown, KY 42701 133 Dixie Ave

Investment Highlights

Heavy daytime foot traffic 1 bedroom Airbnb rented almost continuously Restaurant 2 Bedroom owner's suite in loft area

Executive Summary

Downtown Elizabethtown Multi-functional PropertyPrime Location: Situated in the heart of downtown Elizabethtown, the property offers unparalleled access to local attractions, shopping, and the business district.Diversified Revenue Streams: The property's multifaceted nature combines a thriving restaurant, a one-bedroom AirBNB, and an owner's unit that includes 2 Bedrooms, providing multiple avenues of income.Turnkey Restaurant Operation: The restaurant component is fully operational with a loyal customer base, a trained staff, and a well-established menu. Its ambiance encapsulates the local culture, making it a favorite spot for both locals and tourists.AirBNB Potential: The one- bedroom AirBNB is a lucrative venture due to Elizabethtown's growing tourist appeal. This offers an opportunity for passive income with the rising popularity of short-term rental platforms.Owner's Comfort: The property boasts a private 2 -bedroom owner?s unit, ensuring personal space while managing the business. This feature is ideal for entrepreneurs who value a work-life balance.Architectural Charm: The building, which was built in 1880, carries historical and architectural significance, further attracting guests who appreciate a mix of the old-world charm with modern amenities.Growth Opportunities: The downtown Elizabethtown area has seen consistent growth in foot traffic and tourism. Future prospects include a hotel and multi-family apartment complex in the downtown area.Integrated Operations: With the units and the restaurant on the same property, managing operations becomes seamless. The synergistic model allows for cost-saving, efficient management, and cross-promotion between the restaurant and the AirBNB.Community Involvement: Being a part of the downtown scene, the property often gets involved in local events and festivals, ensuring a steady influx of guests and bolstering its reputation.Sustainable Model: In a world leaning towards sustainability, having multiple operations under one roof reduces the carbon footprint, making it an environmentally friendly investment.This multifunctional property in downtown Elizabethtown offers 5,601 square feet and a blend of tradition and modernity, making it a unique and promising investment opportunity.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Bar Office Industrial Live Work Unit Restaurant
• Building Size    5,601
• Building Class    C
• Year Built    1880
• Price    1,199,000
• Price Per SF    214
• Percent Leased    100
• Tenancy    Multiple
• Building Height    2 Stories
• Building FAR    0.99
• Land Acres    0.13 AC

• Fireplace
• Restaurant