912 N Dixie Avenue, Elizabethtown, KY 42701

Property Description

Property is pending under a 10 day right of first refusal. Seller is still accepting offers. This high-visibility commercial investment property is ideally located on Dixie Highway directly in front of Baptist Health, one of the area’s most heavily traveled corridors. Offering excellent exposure and accessibility, this income-producing, mixed-use property is well-suited for both investors and owner-users. The property features five distinct sections of climate-controlled storage units, with 55 units currently operational and a value-add opportunity to expand by adding six additional units, increasing future cash flow. A large vacant warehouse (approximately 20.5 x 56 feet) provides flexible industrial or flex-space use, ideal for additional storage, business operations, or expansion. At the front of the property is an impressive 2,160 square foot retail space with prime Dixie Highway frontage, offering high-traffic visibility. Newly added interior walls divide the space, allowing for improved layout efficiency and making it easy to configure the area into two separate retail or office units, enhancing leasing flexibility and tenant appeal. The property offers ample on-site parking, enhanced by a parking easement that allows for a high volume of vehicles, ideal for retail traffic, employees, and operational use. Significant capital improvements have been completed, including a new roof installed in 2023 with a transferable 15-year warranty. HVAC improvements include seven total units, with two brand-new systems and repairs completed on the remaining units. Additional upgrades include a newly added rear sidewalk, upgraded lighting throughout, electronic entry doors, freshly painted floors and walls, and newly constructed interior walls to divide the space, creating a clean, modern, and highly functional environment. With multiple income streams, strong visibility, extensive upgrades, and a prime location in a medical and commercial corridor, this property is prepped for a wide range of uses, including medical offices, professional services, retail, or flexible commercial configurations. An outstanding opportunity for investors seeking a cash-flowing commercial asset with upside potential.