6343 Mary Ingles HWY Melbourne KY 41059

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6343 Mary Ingles HWY

Melbourne, KY 41059

Suburb: Melbourne

$195,000

0bd

0 - 0ba

3,148sqft

Active

Here's your chance to own your own bar! Unlimited possibilities on over 2 acres of land. Established Spangler's Bar with plenty of seating, room for band and dancing. Seller holds 4 types of alcohol licenses. Large outside area with horseshoe pits and overhead lights. Live upstairs in the bdrm apt or lease it out. Two pool table rooms (pool tables, bowling game, table games, ATM, jukebox, and cigarette machine are leased) Full Basement with a Garage. Mobile home is on a land lease.

Directions

275 to Alexandria; onto ky KY 8E/Industrial Rd; stay right on Rt 8/Mary Ingles Hwy. Property will be on your left.

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Property Details

General Information

Property Type	Commercial Sale
Style	Business
Suburb	Melbourne
County	Campbell
Zip Code	41059
MLS#	612084

Additional Information

No. of Buildings	1
Property SqFt.	3,148
Semi-Annual Taxes

Property Features

Construction	Aluminum Siding, Block, Vinyl Siding
Lot Dimensions	irreg
Total Acres	2.08
Water	Public
Sewer	Septic Tank

Additional Features

Basement	Full
Parking	Parking Lot, Private, On Site
Cooling	Window Unit(s)

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If a borrower does not have cash to cover at least 20% of the purchase price, some lenders will require the borrower to purchase private mortgage insurance (PMI) to cover against a possible default. Premiums are typically 0.5% to 2.0% of the original loan amount. The borrower can drop the insurance coverage once the mortgage balance is less than 80% of the original purchase price. The calculator handles this automatically. (There may be other conditions as well under which the lender will no longer require PMI. One such case might be apprciation of the real estate.)

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The data relating to the real estate for sale on this web site comes in part from the Broker Reciprocity program of the Northern Kentucky Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Comey & Shepherd Realtors are marked with the Broker Reciprocity logo or Broker Reciprocity house icon. The properties displayed may not be all the properties available through Broker Reciprocity.

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