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Development Land with Existing Income
For Sale
$1,600,000

1411 W 7th St, Hopkinsville, KY 42240

38+ acre development land with existing storage unit income.

Property Size16,276 SF
Lot Size38.37 Acres
Price / SF$98.30
Days on Market610

Property Features for 1411 W 7th St

General Information

Standard status Active
Size 16,276 SF
Lot size 38.37 Acres
Property subtype Commercial/Industrial

Building Details

Year Built 1985
Listing Agency: Bolinger Real Estate & Auction, LLC
Listed By: Ben Bolinger · License #246976
Source: Exitrealty
Added: Nov 27, 2024 Changed: Jul 6 Last Checked: Jul 23 at 8:50AM

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 Bolinger Real Estate & Auction, LLC

Investment Insights

Based on property information with market context.

This property offers approximately 38.369 acres of land suitable for development. A portion of the property includes existing water retention. The site currently features 64 storage units and an office/retail building, both of which are currently leased.

Key Highlights

  • 38.369 acres ready for development.
  • Positive cash flow from existing 64 storage units and leased office/retail building.
  • Water retention already in place for a portion of the property.

Property Analytics

Current Use

West 68 Self-Storage Storage Facility Marmic Fire & Safety General Contractor

Suggested Use

Top Pick Dental Office Real Estate Agency (Bike/Boat/Book/etc) Store Bakery Grocery & Convenience Store Skin Care Clinic

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

Location Intelligence

Trade Area within ½ mile

1,045
Businesses Nearby

Demographics for 42240, KY

41,791
Population
18,663
Households
2.2
Avg Household Size
39
Median Age
21%
College-Educated
85%
High-School Grad
277.2 sq mi
ZIP Area
151
Density / Sq Mi
$49,872
Median Household Income
$36,321
Median Earnings
$866
Median Rent
$147,400
Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Commercial land - 38+ acre development land with existing storage unit income.
Where is this commercial land located?
The property is located at 1411 W 7th St Hopkinsville, KY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 38.369 acres ready for development.; Positive cash flow from existing 64 storage units and leased office/retail building.; Water retention already in place for a portion of the property.
More about this property
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