Located in the heart of downtown Cynthiana, 201 East Pike Street is a beautifully restored mixed-use building positioned on the highly visible corner of Pike and Walnut, offering exceptional exposure in a thriving business district. This turnkey investment opportunity features a fully occupied property with strong, consistent income from day one. The ground level is leased to a successful, established bookstore, providing a stable commercial anchor. The upper level includes four fully rented residential units, consisting of three efficiency apartments and one one-bedroom apartment, offering a well-balanced rental mix. The building underwent a complete renovation in 2019, blending historic charm with modern updates, ensuring low maintenance and long-term appeal. With its prime location, strong tenant occupancy, and immediate cash flow, this property presents an outstanding opportunity for investors seeking a high-performing asset in a growing downtown market.
| MLS # | 26007232 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1869 |
| Days On Site | 140 |
| Listing Provided By | Palmer-Hampton Realty | Mary Todd Ashbrook |
| SQ Feet | 3,760 |
|---|---|
| Basement | Y |
| Building(s) | 1 |
| Zoning | Other |
| Acreage | 0.09 |
| Cooling | Electric, Other |
|---|---|
| Heating | Baseboard, Electric, Heat Pump |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Roof | Rubber |
|---|---|
| Construction Materials | Brick |
| Utilities | Electricity Connected, Natural Gas Available, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
| Electric | 200+ Amp Service |
| State | KY |
|---|---|
| County | Harrison |
| City | Cynthiana |
| Zip Code | 41031 |
| Area | 016 Harrison County |
| Subarea | Harrison County |
| Community Name | Downtown |
| Listing VS Median (in Downtown) | |
Price: $469,900 low | high Med: $225,000 sqft: 3,760 low | high Med: 1,512 $ / sqft: $125 low | high Med: $149 On site: 140 low | high Med: 7 | |
| State | KY |
|---|---|
| County | Harrison |
| City | Cynthiana |
| Zip Code | 41031 |
| Area | 016 Harrison County |
| Subarea | Harrison County |
| Community Name | Downtown |
| Listing VS Median (in Downtown) | |
Price: $469,900 low | high Med: $225,000 sqft: 3,760 low | high Med: 1,512 $ / sqft: $125 low | high Med: $149 On site: 140 low | high Med: 7 | |