797 Slate Avenue

Description

Positioned for visibility and built for versatility, this mixed-use commercial property in Owingsville offers the kind of setup that's getting harder to find. Located just seconds off I-64, you're sitting right between two strong markets—approximately 50 minutes to Lexington and about 40 minutes to Morehead—making this a strategic hub for business, service, or investment use with easy access for both local and regional traffic. The main commercial building offers approximately 6,480 square feet of block construction with flexibility at its core. Currently designed with four separate sections, the layout allows for multiple income streams or the ability to operate a larger business under one roof. Inside, you'll find approximately 13 private office spaces on the upper level, along with additional rooms that can serve as workspaces, storage, or client areas. The property is equipped with PTAC heating and cooling units, allowing for efficient, individualized climate control across different areas—ideal for multi-tenant use. An ADA-compliant bathroom is already in place, adding accessibility and functionality for a wide range of business types. For those needing more than traditional office space, the building also features a large roll-up door and a basement-level garage area that could accommodate equipment or even a lift—making it a strong fit for automotive, trade, or service-based businesses. The full basement adds even more usable square footage and flexibility. In addition to the commercial space, the property includes two apartment-style units totaling approximately 1,680 square feet. These units are configured in a single detached structure with a side-by-side layout, offering privacy while maintaining efficiency. One unit features a studio-style design with defined living and sleeping areas and a spacious bath, while the second offers a two-bedroom, two-bath layout with a full kitchen and living space. Both units include in-suite laundry and are currently leased, providing immediate income. Sitting on approximately 0.41 acres with extensive road frontage, the property benefits from its own turn lane access off a main road, ensuring easy entry and strong visibility. The site offers ample on-site parking, making it convenient for employees, clients, and tenants alike. With consistent traffic flow and immediate interstate access, this location is built for exposure. The seller is also open to leasing the commercial space, creating additional flexibility for business owners or investors looking to secure the location without an immediate purchase. This is the kind of property that works however you need it to—operate your own business, lease out individual spaces, or create multiple income streams across both commercial and residential components. With location, flexibility, and built-in income potential, the groundwork is already here—now it's just about putting it to work.