2950 State Hwy 223 Flat Lick, KY $ 550,000
2950 State Hwy 223
$ 550,000
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2950 State Hwy 223

Flat Lick, KY, 40935
$ 550,000
Bedrooms-- Baths-- Sq 2,240
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Property for Rent in Flat Lick, KY

for $550,000. This 2,240 square foot property was built in 1985 on a lot size of 0.59.

Prime Commercial/Residential Opportunity with Established Income Potential This versatile property offers a unique opportunity for both commercial and residential use, situated on approximately 0.589 acres (per survey) in a highly desirable, high-visibility location. The property features a 3,200 square foot building that was previously operated as a country store, along with a 3,200 square foot unfinished basement, providing substantial additional space for storage, expansion, or future development. In addition to retail use, the building has also previously operated as a deli-style restaurant, offering even greater flexibility for future business ventures. All existing contents will convey with the sale, providing added value and convenience for the next owner. A portion of the building, approximately 960 square feet, is currently leased to the United States Postal Service, creating an immediate and reliable income stream. The remaining space presents excellent potential for retail, restaurant, office use, or redevelopment based on your business vision. The property is equipped with three gas pumps and one diesel pump, making it well-suited for continued convenience store operations or fuel service. Additionally, an easement is in place to allow for access and turning into the parking area, ensuring ease of entry and traffic flow. The septic system is located on an adjoining property, with a legally granted easement in place for its use, providing peace of mind and continued functionality. Positioned on a corner lot, this property offers additional development potential, including space suitable for constructing another building for storage, rental income, or an additional business venture. With its strategic location, established infrastructure, multiple use possibilities—including prior retail and restaurant operations—and existing income-producing tenant, this is truly a prime investment property with strong potential for growth and profitability.

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Rental Active

Price

$ 550,000

Taxes

$ 0

Style

Business

Lot Size

0.59

Year Built

1985

Town/City

Flat Lick

County/Region

Knox

MLS | Web ID

26007583

Features
General
Sewer Septic Tank
Heating Natural Gas
Cooling Electric
Utilities Cable Available Electricity Connected Phone Available Water Available
Possession Close Of Escrow
Roof Metal
Zoning Other
Construction Materials Block Brick Concrete Glass
Year Built 1985
Electric 200+ Amp Service
Tenant Pays Taxes Insurance Water Exterior Maintenance Electricity Common Area Maintenance
Property Subtype Business
Parcel Number 163-00-00-009.00
Business Type Food & Beverage Distribution Commercial
County Knox
New Construction N
Property Type Commercial Sale
Attached Garage N
Subdivision Name Commercial
Building Features Concrete Floor
Status Active
Directions From Barbourville take US 25e toward Pineville approximately 6-7 miles turn left onto KY223. Go another 3 miles on KY 223 turn right into the parking lot.
City Flat Lick
Zoning Description Residential
MLS Area 067 - Knox County
Lot Size Units Acres
Lot Size Square Feet 25656.84
Land Lease Y/N N
MLS Area Minor 067 - Knox County
Leasable Area 3200.0
Lease Considered Y/N N
Rent Control Y/N N
Building Area Units Square Feet
Lease Type Other
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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Interior
Basement Unfinished
Total Stories 3200
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
Heating-Natural Gas True
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Exterior
Parking Features On Site Paved
Total Parking 8.0
Lot Size Area 0.59
Number of Buildings 1
Building Area Total 3200.0
Lot Dimensions .589
Lot Size Acres 0.59
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 2950
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* Excluded Features
List By
Kevin Broughton

Listing Agent

London - Weichert, Realtors® - Ford Brothers

Broker

Nearby
458656 Elementary School
458772 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/10/2026$550,000 Listed Price

Map


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2950 State Hwy 223, Flat Lick, KY, 40935 is a Property for Rent at $550,000 with 2,240 sqft and a lot size of 0.59. 2950 State Hwy 223 was built in 1985. The property's zip code is 40935 which is in Flat Lick, KY