Gather on Main 108 E Main St

108 E Main St , Princeton, Kentucky, 42445 | 1,311 sq.f | $ 3,178,000

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About This Restaurant

Investment Highlights

Commercial Kitchen Bar Event Space

Executive Summary

What a place! This beautifully remodeled building is located in the heart of downtown Princeton and is ready for a new owner. Walking in you are welcomed by stained concrete floors, soaring, tin(original) ceilings, and exposed brick. Beyond the aesthetics, the building offers an impressive commercial kitchen area. All updates and systems completed to code. Downstairs offers 2 areas for seating, 2 baths, kitchen & serving area, storage rooms, and coffee bar. Upstairs provides a cozy bar with an additional seating area for dining/lounging, 2 more baths, more storage, and a rooftop deck. This is a RARE opportunity! Don't miss it. Check out the virtual tour for more details!

Property Details

  • Sale Type    Investment
  • Property Type    Retail
  • Property Subtype    Fast Food Fast Food General Retail Freestanding Fast Food
  • Building Size    1,311
  • Building Class    C
  • Year Built    2023
  • Price    3,178,000
  • Price Per SF    2,424
  • Cap Rate    6.25
  • NOI    198,643
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.04
  • Land Acres    0.73 AC

Amenities

  • Restaurant
  • Roof Terrace

Property Taxes

Parcel Number P5-49-5 Improvements Assessment $0
Land Assessment $0 Total Assessment $62,500
Date Created: 2024-07-16 04:16:15 Last Updated: 2024-07-16 04:16:15
Address: 108 E Main St , Princeton, Kentucky, 42445