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London, Corbin, Lexington, Richmond, and Berea Real Estate and Homes For Sale

797 Slate Avenue, Owingsville, KY 40360

$840,000
  • 797 Slate Avenue, Owingsville, KY 40360 Main Photo

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New to the Market Active
BEDS3 BATHS4 full 4 partial SQUARE FEET1,680 MLS#26029647
STATUS PROPERTY TYPEResidential - SUBDIVISIONCommercial SCHOOLBath County - 38

Property Description


Positioned for visibility and built for versatility, this mixed-use commercial property in Owingsville offers the kind of setup that's getting harder to find. Located just seconds off I-64, you're sitting right between two strong markets--approximately 50 minutes to Lexington and about 40 minutes to Morehead--making this a strategic hub for business, service, or investment use with easy access for both local and regional traffic.

The main commercial building offers approximately 6,480 square feet of block construction with flexibility at its core. Currently designed with four separate sections, the layout allows for multiple income streams or the ability to operate a larger business under one roof. Inside, you'll find approximately 13 private office spaces on the upper level, along with additional rooms that can serve as workspaces, storage, or client areas.

The property is equipped with PTAC heating and cooling units, allowing for efficient, individualized climate control across different areas--ideal for multi-tenant use. An ADA-compliant bathroom is already in place, adding accessibility and functionality for a wide range of business types.

For those needing more than traditional office space, the building also features a large roll-up door and a basement-level garage area that could accommodate equipment or even a lift--making it a strong fit for automotive, trade, or service-based businesses. The full basement adds even more usable square footage and flexibility.

In addition to the commercial space, the property includes two apartment-style units totaling approximately 1,680 square feet. These units are configured in a single detached structure with a side-by-side layout, offering privacy while maintaining efficiency. One unit features a studio-style design with defined living and sleeping areas and a spacious bath, while the second offers a two-bedroom, two-bath layout with a full kitchen and living space. Both units include in-suite laundry and are currently leased, providing immediate income.

Sitting on approximately 0.41 acres with extensive road frontage, the property benefits from its own turn lane access off a main road, ensuring easy entry and strong visibility. The site offers ample on-site parking, making it convenient for employees, clients, and tenants alike. With consistent traffic flow and immediate interstate access, this location is built for exposure.

The seller is also open to leasing the commercial space, creating additional flexibility for business owners or investors looking to secure the location without an immediate purchase.

This is the kind of property that works however you need it to--operate your own business, lease out individual spaces, or create multiple income streams across both commercial and residential components. With location, flexibility, and built-in income potential, the groundwork is already here--now it's just about putting it to work.

797 Slate Avenue | MLS# 26029647

This home located at 797 Slate Avenue, Owingsville, KY 40360 is currently listed for sale with an asking price of $840,000. This property was built in 1987 and has 3 bedrooms and 4 full and 4 partial baths with 1680 sq. ft. Slate Avenue is located in the Commercial subdivision within the Bath County - 38 school district. Search Commercial real estate on www.salliedavidson.com today.

Property Features

Property Type: Residential -
Basement: Yes
Cooling: Electric
Fuel Type: Electric
Garage: 5
Heating: Electric
Lot Size: 0.41 Acres
Roof Type: Shingle
Stories: 1.0
Year Built: 1987

Amenities

Breakfast Bar
Eat-in Kitchen
Primary First Floor

Feature Descriptions

Appliance Features: Refrigerator, Range
Basement Features: Bath/Stubbed, Concrete, Exterior Entry, Full, Sump Pump, Walk-Out Access
Days on Site: 1
Exterior: Other, Vinyl Siding
Flooring: Concrete, Laminate, Tile
Laundry: Electric Dryer Hookup, Main Level, Washer Hookup
Laundry Features: Electric Dryer Hookup, Main Level, Washer Hookup
Lot Dimensions: 0.410 acre(s)
Parcel #: 043-00-00-042.01
Parking Notes: Basement, Driveway, Off Street, Garage Faces Side
Rooms Total: 8
Utilities: Cable Available, Electricity Available, Water Available

Local Schools

High School: Bath Co
Middle School: Bath Co
Elementary School: Owingsville
School District: Bath County - 38

Listed By / Shown By

Listed By

Agency Name: Keller Williams Legacy Group

Shown By

Agency Title: SALLIE DAVIDSON, REALTORS
Agency Phone: 606-877-3000

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Estimated Payment

$ 3,262.58 per month $3,017.58 Principal & Interest $0.00 Property Tax (data not provided by mls) $245.00 Homeowner's Insurance

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