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    1 Highway 90 Byp Monticello, KY 42633

    For Sale
    $1,087,920

    Highway 90 Bypass, High Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 24-acre tract presents a unique investment opportunity in Monticello, Kentucky. Strategically located on the Highway 90 Bypass, this mostly cleared land boasts convenient access to a wealth of amenities. Nearby establishments include Walmart, shopping centers, the post office, medical facilities, and banking institutions, ensuring high visibility and accessibility for any development. The property features readily available utilities, including electricity, water, and sewer connections, simplifying the development process. A portion of the land remains wooded, offering potential for landscaping or preservation. The versatility of this property allows for a wide range of development possibilities, catering to commercial, industrial, or residential projects. Its prime location and ample size make it an ideal candidate for a variety of uses, from retail spaces and light industrial facilities to residential subdivisions or mixed-use developments. The high traffic count on Highway 90 Bypass guarantees significant exposure, making this a highly attractive investment for those seeking a lucrative venture in a thriving Kentucky community. Don't miss this chance to acquire a substantial parcel of land with immense potential for growth and return. Serious inquiries are encouraged.

    Property Features for 1 Highway 90 Byp

    General Information

    Property type
    Other commercial real estate
    Lot Size
    1,045,440 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Building Supply Dental Office Hair Salon Wholesale Shop Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Monticello
    County
    Wayne
    State
    Kentucky
    Longitude
    -84.86653
    Latitude
    36.84374

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    FAQs

    What type of property is this?
    Commercial real estate - Highway 90 Bypass, High Potential
    Where is this commercial real estate located?
    The property is located at 1 Highway 90 Byp Monticello, KY.
    What is the asking price?
    The asking price for this property is $1,087,920.
    (606) 348-0140
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    1 Highway 90 Byp Monticello, KY 42633
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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
    1 Highway 90 Byp Monticello, KY 42633
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