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
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

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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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