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Commercial Land with Existing Structure
For Sale
$30,000
Pending

220 Rhodelia Road, Payneville, KY 40157

Lots and Land, Payneville, KY

Property SizeContact for details
Lot Size0.71 Acres
Days on Market92

Property Features for 220 Rhodelia Road

General Information

Property type Commercial Sale
Property subtype Other
Directions Via Brandenburg Byp/Bypass Rd, Turn left onto KY-1692 W/Fairground Rd, Turn right onto KY-144 W, Destination will be on the right
Subdivision Meade County
Standard status Pending
Lot size 0.71 Acres

Utilities

Water source Well
Listing Agency: CEDAR HILL PROPERTIES
Listed By: Jennifer Rhodes · License #261454
Added: Jun 12 Changed: Sep 2 Last Checked: Sep 11 at 5:06PM
MLS# HK2602419

Copyright © 2026 Heart of Kentucky Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This commercial land offering includes an existing structure that formerly operated as a liquor store. The building is not considered livable and will transfer in its present as-is condition, making the property primarily a land and redevelopment opportunity rather than a residential improvement.

Utility features include access to electricity and two wells located on the property. The site is in Payneville, Kentucky, at 220 Rhodelia Road. Potential future uses identified for the property include business, storage, redevelopment, or residential construction, with any new use subject to applicable local zoning and building requirements.

Key Highlights

  • Commercial zoning in Payneville, KY
  • Existing structure sold as‑is and not considered livable
  • Access to electricity on the property

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Storage Facility Carpet & Flooring Store Travel Agency

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

Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

16
Businesses Nearby
4k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 100%
Dollar General Shops & Services
4,276 visits/mo 0.5 miles

Demographics for 40157, KY

951
Population
364
Households
2.6
Avg Household Size
39
Median Age
17%
College-Educated
86%
High-School Grad
32.3 sq mi
ZIP Area
29
Density / Sq Mi
$55,893
Median Household Income
$48,547
Median Earnings
$306,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Commercial zoning, electrical access, and two on-site wells support future site planning.
Where is this commercial land located?
The property is located at 220 Rhodelia Road Payneville, KY.
What is the asking price?
The asking price for this property is $30,000.
What are key features of this property?
This property features: Commercial zoning in Payneville, KY; Existing structure sold as‑is and not considered livable; Access to electricity on the property
More about this property
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