206-210 Broadway Street

Description

Turnkey, income-producing investment in the heart of historic downtown Cave City! This fully leased 8,527 SF mixed-use building includes the Cave City Pizza restaurant business (going concern) on the ground level and four renovated residential apartments upstairs, all under active leases. Originally built in the 1930s and revitalized in 2021, the property blends timeless character with modern systems and finishes. Positioned along Broadway Street / KY-70 just one mile from I-65 Exit 53, the building benefits from steady visibility and strong local foot traffic fueled by the region’s robust tourism economy. Mammoth Cave National Park, Kentucky Action Park, and other attractions draw consistent visitor flow year-round. Highlights include: 8,527 SF two-story structure. 100 % occupied – four apartments + restaurant tenant. Renovated 2021 | Commercial zoning (B-1 Downtown District). Cap Rate ˜ 8.6 % based on current income. Public utilities and ample on-street parking. Walkable location surrounded by retail and restaurants An ideal cash-flowing asset for investors seeking stable returns in a growing submarket of the Bowling Green MSA. Showings by appointment only—please do not disturb tenants. Seller will consider a sale of the Going Concern - Cave City Pizza - with all FF&E and full commercial kitchen, with Seller assistance in transition of the business for the first 30 days. Seller will lease the space as a negotiated deal with the purchase of the Going Concern. A purchase option can be negotiated as part of a lease as well. Asking price for the business and FF&E is $150,000. Lease terms negotiable.