2733 W Chestnut St

Historic commercial opportunity located in the Russell Historic District and listed within a National Register Historic area. This mixed-use property (former restaurant/bar with residential units above) offers significant redevelopment potential for investors or owner-users seeking value-add upside.

This is a full rehab and requires substantial renovation. The property needs extensive improvements and is being sold as-is.

The property may qualify for the Kentucky Rehabilitation Tax Credit Program, a 3-part application process available for National Register Historic properties. This program functions as an “investment credit,” offering a percentage of qualified rehabilitation expenses back to the building owner in the form of an income tax credit.

Under the program, the building owner must obtain preliminary approval, complete approved rehabilitation work, and receive final confirmation before credits are awarded. Work begun prior to Part 2 approval is undertaken at the applicant’s own risk and may be subject to denial. Buyers are encouraged to conduct their own due diligence regarding eligibility and requirements.

Excellent opportunity for historic redevelopment with potential tax incentives.