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111 E Main Street, Wilmore 111 E Main St 1,867 SF Retail Building Wilmore, KY 40390 $316,073 CAD ($169.29 CAD/SF) 5.03% Cap Rate



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.
(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
Property Taxes
| Parcel Number | 024-10-13-005.00 | Improvements Assessment | $116,767 CAD |
| Land Assessment | $27,475 CAD | Total Assessment | $144,242 CAD |
Property Taxes
Parcel Number
024-10-13-005.00
Land Assessment
$27,475 CAD
Improvements Assessment
$116,767 CAD
Total Assessment
$144,242 CAD
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New Doors Real Estate
111 E Main Street, Wilmore | 111 E Main St
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