550 S Third Street, Danville, KY 40422 (MLS# 1110409)

550 S Third Street, Danville, KY 40422

$1,237,500

Virtual Tour

http://www.visualtour.com/show.asp?t=2837381&prt=10003&sk=16

Property Type: Commercial Sale Square Footage: 102,000 Lot Size (sq. ft.): 209,959 Status: Closed

Current Price: $1,237,500 List Date: 5/26/2011 Last Modified: 9/03/2025

Overview

Description

ABSOLUTE AUCTION: This property to be sold at Absolute Auction on Friday, August 10th at 11:00 AM with no minimum bid or reserve. SALE TERMS: As is/Non-contingent/10% earnest money deposit/30 day settlement/10% buyer's premium added to all offers and included in the total contract price. Jim Halfhill, Sr., Principal Auctioneer. Very nice warehouse in Danville, KY. Priced at $13.73 per Sq. Ft. (very reasonable) 4.815 Acres, 6 dock doors, 2 drive-in doors. Presently leased to two companies. Office Sq. Footage is 1178.

Listing Details MLS# 1110409

Listing Information

Property Sub Type: Warehouse

Status Change Information

Price Change Timestamp: 2012-09-07T17:37:07Z
Status Change Timestamp: 2012-09-07
Purchase Contract Date: 2012-08-10
Close Date: 2012-09-07
Close Price: 1237500
Buyer Financing: Other

Address

County: Boyle
Street Number: 550
Street Direction Prefix: S
Street Name: Third
Street Suffix: Street
State: KY
Zip Code: 40422

Contract

Original List Price: 1400000
Start Showing Date: 2011-05-26
Listing Contract Date: 2011-05-26
Listing Agreement: Exclusive Right To Sell
Occupant Type: Tenant
Office Exclusive YN: No
List Price/SqFt: 13.73
Sold Price/SqFt: 12.13
SP/LP: 0.88

Tax Legal

MLS Area Major: 012 - Boyle County
Subdivision Name: Downtown

Interior

Building Area Total: 102000

More Information

Parking Information

Parking Total: 35

Building

Year Built: 1988

Lot

Lot Size Acres: 4.82
Lot Size Square Feet: 209959.39

Remarks

Public Remarks: ABSOLUTE AUCTION: This property to be sold at Absolute Auction on Friday, August 10th at 11:00 AM with no minimum bid or reserve. SALE TERMS: As is/Non-contingent/10% earnest money deposit/30 day settlement/10% buyer's premium added to all offers and included in the total contract price. Jim Halfhill, Sr., Principal Auctioneer. Very nice warehouse in Danville, KY. Priced at $13.73 per Sq. Ft. (very reasonable) 4.815 Acres, 6 dock doors, 2 drive-in doors. Presently leased to two companies. Office Sq. Footage is 1178.

Building and Property Details

Building Expansion Potential YN: Yes
Inground Tank YN: No
Railroad Siding YN: No
# of Dock Doors: 6
# of Drive-in Doors: 2
# of Men's Restrooms: Yes
# of Women's Restrooms: Yes
Maximum Ceiling Height: 23
Warehouse SqFt: 100821

Income and Expenses

Real Estate Taxes: 5078

Tax & Legal

Tax Rate: 1.094
Zoning Description: Light Industrial
Directions: E. Main St., South on 2nd St., right on McGarth. Building on South corner of 3rd. St. and McGarth. Can enter lot from 2nd. St. Building sits between 2nd. and 3rd. Streets.

Association/Community

Number Of Buildings: 1

Utilities

Electricity Available: Yes
Natural Gas Available: Yes
Phone Available: Yes
Sewer Connected: Yes
Water Available: Yes

Construction Materials

Block: Yes
Steel Frame: Yes

Parking Features

Gravel: Yes
On Site: Yes
Paved: Yes

Possession

Close Of Escrow: Yes

Roof

Metal: Yes

Security Features

Fire Sprinkler System: Yes

Special Listing Conditions

Standard: Yes

Water Heater

Water Heater: Yes

Building Features

Concrete Floor: Yes

Business Type

Warehouse: Yes

Ceiling

Open: Yes

Docks

4-10 Docks: Yes

Electric

3 Phase: Yes

Sale Includes

Building(s): Yes
Land: Yes

Documents

Survey: 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 Business Type: Warehouse Ceiling: Open Construction Materials: Block; Steel Frame Docks: 4-10 Docks Electric: 3 Phase Parking Features: Gravel; On Site; Paved Possession: Close Of Escrow Roof: Metal Sale Includes: Building(s); Land Security Features: Fire Sprinkler System Special Listing Conditions: Standard Water Heater: Water Heater Documents: Survey

Listing Office: Rector Hayden Realtors

Last Updated: September - 03 - 2025

Information deemed reliable but not guaranteed.