Development Highway Frontage Property
Retail-Commercial
for Sale
Also listed as Multi-Family, Business Opportunity
| Catylist Listing ID: |
30622944 |
| Property Subtypes: |
Convenience Store, Mixed Use, Parking Facility, Retail-Pad, Street Retail, Other
|
| Building Size (RSF): |
1,000 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
2.87 Acres
|
| Sale Price: |
$700,000 |
| Unit Price: |
$700 PSF |
| Property Use Type: |
Investment, Business |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
12/6/2023 |
Overview / Comments
|
Investment property, Highway frontage, Easy leveling possibilities, Just outside of the city limits of Middlesboro, KY on a busy highway. This property is ready to develop with endless possibilities: Dining, C-Store, Professional/Office, Retail, Franchise, Distributing, Business Services.
|
Additional Details
| Nearest MSA: |
Middlesborough |
| County: |
Bell |
| Submarket Type: |
Central Business District |
| Taxing Authority: |
Bell County KY |
| Tax ID/APN: |
081-00-00-061.00 |
| Zoning: |
COMMERCIAL |
| Property Located Between: |
Middlesboro and Pineville Kentucky |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
US 25 |
| Highway Access: |
Direct Access |
| Airports: |
Middlesboro-Bell County Airport, |
| Site Description: |
Property is located just off of HWY 25E, with good access. Property has plenty of ground and dirt for leveling and excavating |
| Area Description: |
Middlesboro is located in Bell County, Kentucky. Property is located approximately 1.5 miles west of the Cumberland Gap Tunnel. The Cumberland Gap Tunnel connects Kentucky, Tennessee and Virginia together. The city of Middlesboro claims to be the only town in the United States built entirely inside a crater created by a meteorite. The oldest continuously-played golf course in the country is located on the same busy highway as this property. Total Population as of 2019 was recorded as approximately 28,691. |
| Zoning Description: |
Commercial/Retail/Industrial |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal, Septic |
| Legal Description: |
2.87ac of Commercial Highway Frontage Property |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
8,775 |
17,237 |
| Median Age: |
41.66 |
40.99 |
| Households: |
3,782 |
7,148 |
|
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