209 N Main Street, Versailles, KY 40383 (MLS# 1509836)

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.