OPEN HOUSE on Saturday

April 20th from noon til 2pm. Own a piece of Graysons history, with instant income producing property. The legendary Shangra La Restaurant and Hotel property currently houses 20 HUD approved apartments on the highly visible and heavily traveled US Rt. 60 / Main St. in Grayson. The property features 300 feet of Main Street frontage.

Endless possibilities for the 3000sqft that was formerly used as restaurant space and adjoining office / retail space. Property has had many updates and renovations including a new rof on one of the buildings, flooring, paint and upgrades in many of the units. The property currently has (7) Efficiencies, (5) 1-bedroom apartments, (4) 2-bedroom apartments and (4) 3-bedroom apartments. Call today for your private showing.

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on 518 E Main St
in Grayson, KY
Presented by Jill Bond at
RE MAX Realty Connection.


Property MLS #56372 from Ashland

+ Reveal additional info including schools and tax history

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+ Bedrooms

Bedrooms: 25

+ Heating and Cooling

Cooling Features: Central, Window
Heating Features: Forced Air Gas, Wall Electric

+ Land Info

Topography: Level

+ Multi-Unit Info

Number of Studio Units: 7
Number of 1 Bedroom Units: 5
Number of 2 Bedroom Units: 4
Number of 3 Bedroom Units: 4

+ Other Property Info

Source Listing Status: Active
County: Grayson
Directions: From I-64 Grayson turn left on Carol Malone go to Main Street turn left in front of Rite Aid go about 1/2 mile property is on left.
Source Property Type: MULTI-FAMILY
Area: Grayson
Source Neighborhood: Grayson
Property Subtype: Apt. Building
Source System Name: C2C
+ Reveal Tax History

Year	Assessments Building + Land Total	Tax
2020	$200,000 + $25,000 $225,000	$1,990
2019	$200,000 + $25,000 $225,000	$1,984

+ Reveal Property Sale History

Price Changed 2024-04-08
$599,000
Ashland

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Listed 2024-01-11
$675,000
Ashland

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Listing removed 2022-06-27
$0
Ashland

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Price Changed 2021-11-07
$589,000
Ashland

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Listed 2021-09-21
$650,000
Ashland

+ Utilities

Public Sewer
Public Water

+ Building and Construction

Building Exterior Type: Brick/Brick Veneer, Vinyl Siding
Roof: Composition Shingles, Metal
Levels or Stories: 2 Story

+ Display Complete School Details

Prichard Elementary School is a public elementary school located approximately 0.3 miles away.
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East Carter Middle School is a public middle school located approximately 0.4 miles away.
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East Carter County High School is a public high school located approximately 0.5 miles away.
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Carter Christian Academy is a private elementary, middle and high school located approximately 0.8 miles away.
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