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    5 S Carol Malone Blvd Grayson, KY 41143

    For Sale
    $550,000

    LAND - Grayson, KY

    Lot size:
    3.45 Acres
    Days on Market:
    26
    Last Refresh:
    Dec 7 at 5:06 am

    Property Features for 5 S Carol Malone Blvd

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Lot size
    3.45 Acres

    LPT Realty (877) 366-2213

    Listing agent Vanessa Vale Team - Vanessa Vale Womack (859) 806-8253

    Listing date Nov 12, 2025

    MLS# 25003145 Listing URL

    Copyright © 2025 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Grayson, KY Commercial Land

    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.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Grayson
    County
    Carter
    State
    Kentucky
    Longitude
    -82.949004
    Latitude
    38.324278

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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 Blvd 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.**
    (859) 806-8253
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    5 S Carol Malone Blvd Grayson, KY 41143
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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
    5 S Carol Malone Blvd Grayson, KY 41143
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