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    226 Kentucky Ave Madisonville, KY 42431

    Sponsored
    For Sale
    Contact for pricing

    Prime 0.46-acre lot, development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 0.46-acre vacant commercial lot is situated in the heart of Madisonville, Kentucky, at 226 N Kentucky Ave, zip code 42431. The property, identified as parcels M-32-44-37 and M-32-44-38, presents a unique opportunity for developers seeking a blank canvas for their next project. With its central location, this lot offers significant potential for various commercial ventures. While currently zoned for commercial use, the possibility of residential conversion exists, subject to necessary approvals from the city of Madisonville. The asking price for this prime piece of land is $21,580. This represents a compelling investment opportunity in a thriving Kentucky community. The property's address is easily accessible and visible, offering excellent visibility for any future development. Serious inquiries are encouraged to explore the full potential of this exceptional land parcel and its suitability for a range of commercial or potentially residential projects. Further details regarding zoning regulations and development possibilities can be obtained through the appropriate city channels. Don't miss this chance to acquire a strategically located lot in a growing area.

    Property Features for 226 Kentucky Ave

    General Information

    Property type
    Land
    Lot Size
    20,038 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Madisonville
    County
    Hopkins
    State
    Kentucky
    Longitude
    -87.492739
    Latitude
    37.331727

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    FAQs

    What type of property is this?
    Land - Prime 0.46-acre lot, development potential.
    Where is this land located?
    The property is located at 226 Kentucky Ave Madisonville, KY.
    What is the asking price?
    The asking price for this property is $21,580.
    Request Owner's contact information
    226 Kentucky Ave Madisonville, KY 42431
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    Madisonville, KY 42431
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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
    226 Kentucky Ave Madisonville, KY 42431
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