500 S Main Street Corbin, KY $ 999,900
500 S Main Street
$ 999,900
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500 S Main Street

Corbin, KY, 40701
$ 999,900
Bedrooms-- Baths-- Sq 10,392

Monthly Estimate*

$ 6,238

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Commercial Property for sale in Corbin, KY

for $999,900. This 10,392 square foot building was built on a lot size of 0.24.

Discover the historic Pennington in downtown Corbin — an exceptional, turnkey property offering over 10,000 sq. ft. of space and extensive possibilities. Fully renovated approximately five years ago, this landmark building blends historic character with modern updates. The property features two separate entrances, one for the upper level and one for the lower level, providing flexibility for multiple uses. A structural engineer has evaluated the building and confirmed it is structurally sound for apartment development on the upper floor, making this property ideal for commercial, mixed-use, or investment purposes. With its prime location and generous square footage, this property is well-suited for residential units, retail, office space, a gym or workout facility, or a potential life center for a church with ample room for banquets or events. The Pennington offers a rare opportunity to own a historic, high-visibility building in the heart of Corbin's growing downtown district.

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Commercial Active

Price

$ 999,900

Property Type

Commercial

Taxes

$ 0

Style

Mixed Use

Lot Size

0.24

Town/City

Corbin

County/Region

Whitley

MLS | Web ID

25506636

Features
General
Sewer Public Sewer
Heating Forced Air Heat Pump Natural Gas
Cooling Central Air Electric Multi Units
Utilities Electricity Available Natural Gas Not Available Sewer Available Water Available
Possession Negotiable
Roof Membrane Rubber Other
Zoning B-4
Construction Materials Block Concrete Steel Frame
Year Built 9999
Electric 200+ Amp Service
Property Subtype Mixed Use
Parcel Number 137-41-22-033.00
Business Type Wholesale Warehouse Retail Restaurant Professional/Office Professional Service Manufacturing Industrial Food & Beverage Distribution Commercial
Business Name The Pennington
County Whitley
New Construction N
Property Type Commercial Sale
Attached Garage N
Subdivision Name City Limits
Building Features Concrete Floor
Status Active
Directions From I 75 North Bound take exit 25 (R) off the ramp and follow Cumberland Falls Hwy (18th St) all the way to the end. (L) on South Main St to 500 S. Main Street Building is on the Left.
City Corbin
Zoning Description Central Business District (Downtown)
MLS Area 068 - Whitley County
Lot Size Units Acres
Lot Size Square Feet 10410.84
Land Lease Y/N N
MLS Area Minor 068 - Whitley County
Lease Considered Y/N N
Rent Control Y/N N
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Senior Community None
Water Body Access Y/N None
Accessibility Features Y/N None
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Exterior
Parking Features Off Site Open Paved Other
Lot Size Area 0.24
Number of Buildings 1
Building Area Total 10392.0
Lot Size Acres 0.24
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
Heating-Heat Pump True
Heating-Forced Air True
Heating-Natural Gas True
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Internal Only
Street Number 1 500
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* Excluded Features
List By
Sester & Co Realty

Broker

Affordability Calculator

$6,238
Per Month
100%
0%
0%
Monthly Principal & Interest
$6,238
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
458656 Elementary School
458772 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/21/2025$999,900 Listed Price

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500 S Main Street, Corbin, KY, 40701 is a Commercial Property for sale at $999,900 with 10,392 sqft and a lot size of 0.24. The property's zip code is 40701 which is in Corbin, KY