255 W. Main Street – Lebanon

NOTE: ALL INFORMATION IS DEEMED RELIABLE. HOWEVER, ANY PROSPECTIVE PURCHASER MUST RELY UPON THEIR OWN VERIFICATION. THE LANCASTER AGENCY, INC. DOES NOT WARRANT OR GUARANTEE, WHETHER EXPRESS OR IMPLIED, ANY INFORMATION OBTAINED FROM A THIRD PARTY.

255 W. Main Street – Lebanon

255 W. Main St. Lebanon, KY 40033

For Sale, New Listing

$749,900

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Property ID :

 RH-14006-property

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Area

22040 Sq. Ft. +/-

Description

Lebanon Health & Fitness / Lebanon Suites

255 W. Main Street – Lebanon

Complete Walk-Out

Real Estate & All Improvements

Plus All Contents, Inventory, Furnishings & Equipment

The best time to buy a business is when the market conditions are right…The market conditions are definitely right for an entrepreneur who is not afraid of hard work to take this business to the next level…Plus the price is extremely competitive if not even on the low side because the current owner is ready to slow down some!  This is a complete walk-out…You get everything including the real estate & all improvements…Plus all contents, inventory, furnishings & equipment!  This is a solid 2 story brick building offering a total of 22,040 (+/-) square feet plus a basement!  The first level features a spacious work-out area with a play room for the kiddies, a women’s only gym, an aerobics room, a sauna & tanning bed, men’s & women’s locker rooms w/ restroom & shower facilities, a rehabilitation room w/ an adjoining therapeutic pool, an office & so much more offering something for everyone of all ages!  In addition to gym memberships…You will also receive a substantial income from the 7 fully furnished apartment units (6 upstairs & 1 in the basement)…These units are currently rented either nightly, weekly, or monthly…They are first class & offer king size bedrooms, fully equipped kitchens, free wireless internet & cable television…Plus a washer & dryer and access to the fitness facilities!  Just think…With Marion County being a major part of the Bourbon Trail with tourists from all over the world visiting Maker’s Mark & Limestone Branch Distillery…And the new Diageo Bourbon Distillery coming soon to Marion County…This is the perfect opportunity to tap into the Airbnb business!  Upstairs also offers 2 more finished rooms which can be rented, an additional unfinished apartment or office which can easily be finished for even more income…And an enormous unfinished room that is limited only by your imagination as the income potential is limitless!  The building is fully sprinklered with fire alarms & a camera security system is in place for peace of mind…As an added bonus the roof was replaced in 2006 so you should be good on that for a long time.  An official survey was completed on this property June 6, 2016 (a survey plat is available showing the boundaries of the .346 acre lot).  All this in the bustling downtown business district of historic Lebanon, Kentucky at the intersection of W. Main Street & Depot Street!  Note: The current financing is provided by USDA…This loan may be transferable to qualified buyers.  Call CHARLES LANCASTER, JR. for all the details on this exceptional investment opportunity.

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