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    106 Walnut Ln Gray, KY 40734

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    For Sale
    $450,000

    3200 sqft building with development potential near Cumberland Gap Parkway.

    Property size:
    3,200 SF

    Property Features for 106 Walnut Ln

    General Information

    Size
    3,200 SF

    Building Details

    Year built
    2006

    Source: RE/MAX Agent Eric Smith

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Concrete Block Building on 5.5 Acres

    This concrete block building, measuring 40x80, offers over 3000 sqft of space ready for customization. The property presents multiple possibilities, including side-by-side dealer spaces, small retail or market setups, or conversion into two residential condo units for lease. A recently paved parking lot provides space for at least 12-15 vehicles. The property includes over 5.5 acres in total. The owner has cleared and leveled the area to the right of the building, which could be used for additional parking, storage, or another structure. Part of the land is wooded and features a low area with a creek running through it. Located just off the Cumberland Gap Parkway in Gray, KY, the property is approximately 4 miles from the Corbin Trademart Shopping Center.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Gray
    County
    Knox
    State
    Kentucky
    Longitude
    -83.9624
    Latitude
    36.9503

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    FAQs

    What type of property is this?
    Mixed-use property - 3200 sqft building with development potential near Cumberland Gap Parkway.
    Where is this mixed-use property located?
    The property is located at 106 Walnut Ln Gray, KY.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Large 3000+ sqft concrete block building ready to be finished.; - 5.5 acres of total property with cleared and leveled area for expansion.; - Recently paved parking lot with 12-15 spaces.
    Request Owner's contact information
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    Gray, KY 40734
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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
    106 Walnut Ln Gray, KY 40734
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