5 S Carol Malone Boulevard Grayson, KY 41143

Listing agent Vanessa Vale Team - Vanessa Vale Womack License #267167 Show Phone

Listing office LPT Realty 424 Lewis Hargett Cir 2nd Fl, Lexington, KY Show Phone

Listing date Feb 21, 2025

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MLS# 25003145 Listing URL

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Investment Insights

Based on property information with market context.

This property features 3.45 acres, with 2.96 acres zoned commercial and an additional 0.49 acres of vacant residential land. The residential lot previously had a house. A buyer can pursue combining the lots for a total of 3.45 commercial acres or submit an offer for just the 2.96 acres. The seller is open to a land build-to-suit lease contract. The property is located in a prime downtown location on the outskirts of town, on the way to Grayson Lake. It is situated across from Dollar General. An appraisal in April 2023 valued the 2.96 acres at $706,500. The additional 0.49 acres were not included in this appraisal.

Key Highlights

• Prime downtown location on the outskirts of town, on the way to Grayson Lake.
• 2.96 acres zoned commercial with an additional .49 acres of vacant residential land included.
• Appraised at $706,500 in April 2023 for the 2.96 acres alone, offering immediate equity.

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FAQs

What type of property is this?

Commercial land - Commercial land near Grayson Lake with development potential.

Where is this commercial land located?

The property is located at 5 S Carol Malone Boulevard Grayson, KY.

What is the asking price?

The asking price for this property is $550,000.

What are key features of this property?

This property features: Prime downtown location on the outskirts of town, on the way to Grayson Lake.; 2.96 acres zoned commercial with an additional .49 acres of vacant residential land included.; **Appraised at $706,500 in April 2023 for the 2.96 acres alone, offering immediate equity.**