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    507 W 5Th St London, KY 40741

    For Sale
    $295,000

    LAND - London, KY

    Lot size:
    0.73 Acres
    Days on Market:
    28
    Last Refresh:
    Dec 7 at 1:06 pm

    Property Features for 507 W 5Th St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    050-60-18-002.00
    Lot size
    0.73 Acres

    Century 21 Advantage Realty (606) 878-0021 [email protected]

    Listing agent Neva Butcher-Philpot (606) 878-0021

    Listing date Nov 10, 2025

    MLS# 22025305 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

    Commercial Lot in Downtown London

    This 0.73-acre commercial lot is located in downtown London, Kentucky, at the corner of 5th and Mill Street. The property's location is characterized by high traffic, potentially providing a steady flow of customers for businesses or units constructed on the site. The property is located in Laurel County, with the postal code 40741.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    London
    County
    Laurel
    State
    Kentucky
    Longitude
    -84.087167
    Latitude
    37.127248

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    FAQs

    What type of property is this?
    Commercial land - High-traffic commercial lot suitable for various business ventures.
    Where is this commercial land located?
    The property is located at 507 W 5Th St London, KY.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: - Prime downtown city location.; - High traffic commercial lot.; - Corner lot on 5th & Mill Street.
    (606) 878-0021
    Request Owner's contact information
    507 W 5Th St London, KY 40741
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    London, KY 40741
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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
    507 W 5Th St London, KY 40741
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