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    1201 Duncan Ln Providence, KY 42450

    For Sale
    $239,900

    Business Opportunity,Other - Providence, KY

    Property size:
    7,200 SF
    Lot size:
    1.50 Acres
    Days on Market:
    114
    Last Refresh:
    Dec 13 at 7:06 am

    Property Features for 1201 Duncan Ln

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security System
    Interior features
    Security System
    Exterior features
    Parking-Gravel
    Appliances
    Other, Refrigerator
    Size
    7,200 SF
    Lot size
    1.50 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Window Unit(s)

    Building Details

    Building materials
    Other
    Roof type
    Metal
    Architectural style
    Other

    Heritage Homes Real Estate (270) 825-9090 [email protected]

    Listing agent Sarah Stone Wilkes (270) 825-9090

    Listing date Aug 22, 2025

    MLS# 117229 Listing URL

    Copyright © 2025 Madisonville-Hopkins County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Investment Property in Providence, KY

    This property presents an investment opportunity with income potential, featuring 38 storage units of varying sizes and a 50x100 square foot commercial building. Historical rental data indicates the large storage unit was rented at $100 per month, most units at $40 per month, and three smaller units at $20 per month. Additionally, the property includes four apartments—two studios and two one-bedroom units—each with separate entrances. These apartments were previously rented at $500 per month as-is. The commercial building is suitable for a mechanics shop, garage, or workshop. Situated on an estimated 1.5 acres, with a survey in progress, the property is equipped with Phase 3 electric. The property combines storage income, residential rental potential, and commercial use flexibility into one investment. The total living area is 7200 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Storage Facility HVAC Service Garden Center Wine and Liquor Store Nursing Home Assisted Living Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Webster
    State
    Kentucky
    Longitude
    -87.746608
    Latitude
    37.385592

    Nearby Similar for Sale

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    • $2,190,000
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      Newly Renovated Multi-Family Investment

      Investment opportunity: 12 renovated units with on-site amenities.
      314 N Willow St, Providence, KY 42450
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    • $170,000
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      Move-in Ready Commercial Office Space

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    FAQs

    What type of property is this?
    Self storage facility - Property with storage units, apartments, and a commercial building.
    Where is this self storage facility located?
    The property is located at 1201 Duncan Ln Providence, KY.
    What is the asking price?
    The asking price for this property is $239,900.
    What are key features of this property?
    This property features: - Versatile income potential from 38 storage units, four apartments, and a large commercial building.; - Large 50x100 commercial building suitable for a mechanics shop, garage, or workshop.; - Four apartments with potential for increased rental income through updates or use as Airbnb/short-term rentals.
    (270) 825-9090
    Request Owner's contact information
    1201 Duncan Ln Providence, KY 42450
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    Providence, KY 42450
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1201 Duncan Ln Providence, KY 42450
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