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Development Opportunity with Income Potential
For Sale
$1,600,000

1411 W 7th St, Hopkinsville, KY 42240

38.369 acres for development with existing income streams.

Property Size16,276 SF
Lot Size38.37 Acres
Price / SF$98.30
Days on Market665

Property Features for 1411 W 7th St

General Information

Standard status Active
Size 16,276 SF
Lot size 38.37 Acres
Property subtype Mixed Use

Amenities

3

Building Details

Year Built 1985
Listing Agency: Bolinger Real Estate & Auction, LLC
Listed By: Ben Bolinger · License #246976
Source: Xome
Added: Oct 16, 2024 Changed: Aug 8 Last Checked: Aug 8 at 12:01PM

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, suited for developers, investors, and entrepreneurs, comprises approximately 38.369 acres available for development. A portion of the property includes existing water retention. The site features 64 storage units and an office/retail building, both currently leased, providing potential cash flow. The property contains 16,276 square feet of space.

Key Highlights

  • 38.369 acres ready for development
  • Water retention already in place for a portion of the property
  • 64 storage units currently leased

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 Office in South region

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

What type of property is this?
Mixed-use property - 38.369 acres for development with existing income streams.
Where is this mixed-use property 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; Water retention already in place for a portion of the property; 64 storage units currently leased
More about this property
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