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Investment Highlights

  • Downtown Wilmore location steps from Asbury Theological Seminary and Asbury University.
  • Corner visibility along East Main Street near other retail and service-based businesses.
  • Utilities include public water, sewer, electricity, and natural gas connections.
  • Existing tenant on a month-to-month lease, providing opportunity for immediate income or user occupancy.
  • Updated lease rate adjustments reflecting potential future growth in rental income.
  • Building features include block construction, kitchen facilities, and adaptable interior layout.

Executive Summary

Prime opportunity to own a well-located commercial building in the heart of Wilmore's active and walkable downtown district. This 1,867 SF
(per appraisal) one-story building sits on a 30' x 100' lot just steps from Asbury Theological Seminary and minutes from Asbury University, surrounded by local shops, dining, and daily foot traffic. The property is currently occupied by Solomon's Porch, a well-established café, restaurant, and catering business that has served the community for over 20 years (business not included in sale). The tenant operates on a month-to-month basis and has expressed a desire to remain, offering immediate in-place income with flexibility for future use or redevelopment. Effective July 1, 2026, rent has been increased to $1,050 per month ($6.75/SF/YR), reflecting a meaningful adjustment from historically below-market levels under prior ownership and providing a foundation for potential future upside. Pursuant to the existing lease, Tenant holds a right of first refusal to purchase the property, including a ten (10) day period to elect to match the terms of any bona fide third-party offer. Ideal for investors seeking a value-add or stable income opportunity, as well as owner-users looking to establish a presence in one of Central Kentucky's most unique and close-knit communities.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Building Size
1,867 SF
Building Class
B
Year Built
1980
Price
$316,073 CAD
Price Per SF
$169.29 CAD
Cap Rate
5.03%
NOI
$15,898 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.61
Lot Size
0.07 AC
Zoning
Business
Frontage
29’ on E Main St
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100

Nearby Major Retailers

IGA
Stock Yards Bank & Trust
WesBanco

Property Taxes

Property Taxes

Parcel Number
024-10-13-005.00
Land Assessment
$27,475 CAD
Improvements Assessment
$116,767 CAD
Total Assessment
$144,242 CAD
  • Listing ID: 40566116

  • Date on Market: 2026-05-18

  • Last Updated:

  • Address: 111 E Main St, Wilmore, KY 40390

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