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Medical Office Space with Additional Lot
For Sale
Contact for pricing
Pending

121 Bishop St, Corbin, KY 40701

Downtown medical office property includes a separate lot across the street for parking or future construction.

Property Size20,000 SF
Days on Market142

Property Features for 121 Bishop St

General Information

Standard status Pending
Size 20,000 SF
Property subtype Office

Building Details

Building Size 20,000 SF
Tenancy Single
Listing Agency: Remax on Main
Listed By: Timothy Petro · License #KY
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 12:21AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Remax on Main

Investment Insights

Based on property information with market context.

This medical office property provides 20,000 square feet of commercial space in a building currently operating as the Grace Healthcare medical clinic. The existing facility offers a substantial footprint for continued healthcare use or another supported commercial application.

An additional lot is located across Bishop Street and may support parking or new construction. The property sits in downtown Corbin, Kentucky, placing the building and its accompanying lot within the city’s central business area. Grace Healthcare is expected to relocate to a new campus location shortly, creating an opportunity for a new owner to evaluate the existing medical facility and separate lot as part of the acquisition.

Key Highlights

  • 20,000 SQ FT of commercial space
  • Additional lot across the street for parking or construction
  • Currently operating as the Grace Healthcare medical clinic

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Auto Parts Store Electrical Service Dental Office Real Estate Agency Skin Care Clinic (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

350
Businesses Nearby
Under-served
Demand for This Use

Demographics for 40701, KY

31,051
Population
13,305
Households
2.3
Avg Household Size
41
Median Age
21%
College-Educated
85%
High-School Grad
150.6 sq mi
ZIP Area
206
Density / Sq Mi
$47,288
Median Household Income
$36,560
Median Earnings
$733
Median Rent
$162,500
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Downtown medical office property includes a separate lot across the street for parking or future construction.
Where is this medical office space located?
The property is located at 121 Bishop St Corbin, KY.
What are key features of this property?
This property features: 20,000 SQ FT of commercial space; Additional lot across the street for parking or construction; Currently operating as the Grace Healthcare medical clinic
More about this property
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