115 S main Street
Corbin, KY, 40701 $ 799,000
Bedrooms-- Baths-- Sq 11,450 for $799,000. This 11,450 square foot property was built on a lot size of 0.14.
Once-in-a-Lifetime Opportunity to Own the Iconic Moonbow Building in Downtown Corbin! This historic landmark is hitting the market for the first time, offering an incredible chance to own a piece of Corbin's rich history while benefiting from a property with multiple income streams. Perfectly situated in the heart of downtown, the building is known for its unbeatable visibility and as the renowned 'Moonbow Building.' This property features a 3-year-old solar panel array valued at $50,000, which keeps utility bills impressively low, ranging from $200 to $1,200 in January. Utilities are included in the rent for tenants, making the property even more attractive and ensuring ease of management. A modern HVAC system and mechanical room further enhance comfort and efficiency. All spaces are currently rented, providing consistent income. The first floor offers approximately 5,000 square feet of flexible commercial space. The open layout is designed to accommodate a variety of uses, such as retail, an event venue, or other business ventures. The space includes two open mezzanines, ADA-compliant male and female bathrooms, a full kitchen, and ample storage space. Access is provided. The second floor, also approximately 5,000 square feet, features two high-end luxury furnished apartments with private and exclusive access from 2nd Street. Both units are currently rented, contributing to a steady revenue stream. This property is low maintenance, energy-efficient, and ready to provide its next owner with unparalleled opportunities in one of the most desirable locations in town. Rent rolls and floor plans are available upon request. The lot size is based on an owner estimate and may not be accurate. Buyers are advised to verify the information. Don't miss this rare opportunity to make the Moonbow Building yours and become part of Corbin's vibrant downtown community.
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FeaturesGeneralSewer Public Sewer
Utilities Electricity Connected Sewer Connected Water Connected
Possession Close Of Escrow Rental Agreement Subject To Tenant Rights
Year Built 9999
Tenant Pays Other
Property Subtype Mixed Use
Parcel Number 137-32-16-004.00
Business Type Retail Restaurant Mixed
County Whitley
New Construction N
Property Type Commercial Sale
Attached Garage N
Subdivision Name City Limits
Status Active
Directions From I-75 take Exit 25 for Corbin/London. Turn east onto US-25E/Cumberland Gap Pkwy toward Corbin. Continue on US-25E for approximately 3 miles. Turn left onto KY-770/Depot St and follow it for ab
City Corbin
Zoning Description C-2
MLS Area 068 - Whitley County
Lot Size Units Acres
Lot Size Square Feet 5975.0
Land Lease Y/N N
MLS Area Minor 068 - Whitley County
Lease Considered Y/N N
Rent Control Y/N N
Lease Type Other NNN Gross
Standard Status Active
Senior Community None
Water Body Access Y/N None
Accessibility Features Y/N None
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ExteriorParking Features On Site
Lot Size Area 0.14
Number of Buildings 1
Building Area Total 11450.0
Lot Size Acres 0.14
Crops Included Y/N N
Irrigation Water Rights Y/N N
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InteriorTotal Stories 2
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Total Baths 0
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* Excluded FeaturesList ByFreeman Brothers Realty LlcBroker
rgonzalez@freemanbrothersproperties.comEmail
NearbyAbout Corbin, KY 8,065 Population
-3% Since 2002
$ 32,255 Median Income
39.96 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
458656 Elementary School
458772 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/4/2025 | $799,000 | -11.12% | Price Down |
| 3/10/2025 | $899,000 | -8.17% | Price Down |
| 1/21/2025 | $979,000 | | Listed Price |