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1375 Richmond St, Mt Vernon, KY 40456

$619,300

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Sold Price: $619,300
List Price: $350,000
Closing Date: May 01, 2026
MLS#: 26000830
Status: CLOSED
Type: Commercial
Subtype: Hotel/Motel
Lot Size: 130,680

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Property Description

Auction will be live or online Feb. 21, 2026. Excellent investment opportunity just off I-75 in a high-visibility location! This 35-room motel sits only 1.2 miles from Renfro Valley Entertainment Center and is minutes from the Rockcastle Mega Site—one of Kentucky's largest industrial developments underway. Room breakdown includes 21 double rooms, 8 queen rooms, and 6 king rooms, offering flexible guest accommodations. Property also features a 3-bedroom apartment with full kitchen, ideal for on-site management or additional rental income. With strong traffic flow, proximity to major attractions and commercial growth, this property offers exceptional potential for income and future appreciation.

6063129700

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Additional Information

Year Built: 1999

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