Active
Govt. Contract Investment in Henry County
137 W College St, New Castle, KY 40050
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Overview
This Government Office Building in New Castle, KY offers a stabilized investment with a contract that generates a gross annual income of $30,100.00. The current lease rate is below market value.
Price: $330,000.00
Price/SF: $134.31/SF
Rent Rate: $12.25/SF
Annual Rent: $30,100@2457SF
Cap Rate: 8.5%
Tenant: Cabinet for Health and Family Services
SQ FT: Leased 2457
Lease Term: Annual Through June 30, 2030
Parking: 11 Spaces
Landlord Responsibility: Mowing, Snow/Ice Removal,
For Sale
Investment
Office
- Sale Price
- $330,000
- Price Per SF
- $134.3/SF
- Cap Rate
- 8.67%
- Building Size
- 2,457 SF
- Acres
- 0.256 ac
- Zoning
- Commercial
- Gross Income
- $30,100
- NOI
- $28,600
- Total Expenses
- $1,500
- Tenant
- State Government
- Building Name
- KY Cabinet for Health and Family Services
- Building Class
- C
- Parking Spaces
- 11
- Submarket
- Henry County
- Nearest MSA
- Louisville/Jefferson County
- Property Use Type
- Investment
- Property Status
- Existing
- Avg. Occupancy
- 100%
- Ceiling Height
- 9'
- County
- Henry
- Available
- 03/13/2027
- Listed
- 03/13/2026
- Updated
- 04/07/2026
- Listing ID
- 340a016d
- Parcel APN
- 028-30-04-001.00