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    298 Cumberland Gap Pkwy Corbin, KY 40701

    For Sale
    $1,300,000

    High-traffic 1.83-acre lot, I-75 proximity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 1.83-acre commercial land parcel presents a prime investment opportunity in Corbin, Kentucky. Strategically located at 298 W Cumberland Gap Pkwy, this highly visible property enjoys unparalleled access to Interstate 75, just a short distance from Exit 29. The lot is situated in a thriving commercial area, boasting significant daily traffic volume. Neighboring businesses include L&N Federal Credit Union and a Go Time Gas Station with a Moe's Southwest Grill, underscoring the area's strong commercial activity. The property's location also benefits from its proximity to major retailers such as Walmart, Philly Connection, Love's Travel Stop, and Lowe's, all within a mile radius. Zoned for commercial use, this property offers significant potential for entrepreneurs, investors, and developers seeking a high-visibility location with excellent access to a major transportation artery. The asking price for this exceptional opportunity is $1,300,000. The lot size is 1.83 acres, providing ample space for a variety of commercial developments. This is a rare chance to acquire a highly desirable commercial property in a rapidly growing area of Kentucky. The property's location and visibility make it an ideal site for a wide range of commercial ventures. Don't miss this chance to secure a prime location in a bustling commercial corridor.

    Property Features for 298 Cumberland Gap Pkwy

    General Information

    Property type
    Land
    Lot Size
    79,715 SF

    HighLights

    • 1.83‑acre commercial land parcel in Corbin, KY, priced at $1,300,000.
    • High‑visibility location at 298 W Cumberland Gap Pkwy, with excellent I‑75 access (Exit 29).
    • Thriving commercial area with high daily traffic volume, near L&N Federal Credit Union, Go Time Gas Station/Moe's.
    • Proximity to major retailers (Walmart, Philly Connection, Love's, Lowe's) within one mile.
    • Commercially zoned, ideal for various commercial developments.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Corbin
    County
    Laurel
    State
    Kentucky
    Longitude
    -84.104380159482
    Latitude
    36.975813673402

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    FAQs

    What type of property is this?
    Land - High-traffic 1.83-acre lot, I-75 proximity.
    Where is this land located?
    The property is located at 298 Cumberland Gap Pkwy Corbin, KY.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: 1.83-acre commercial land parcel in Corbin, KY, priced at $1,300,000.; High-visibility location at 298 W Cumberland Gap Pkwy, with excellent I-75 access (Exit 29).; Thriving commercial area with high daily traffic volume, near L&N Federal Credit Union, Go Time Gas Station/Moe's.
    Request Owner's contact information
    298 Cumberland Gap Pkwy Corbin, KY 40701
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    Corbin, KY 40701
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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
    298 Cumberland Gap Pkwy Corbin, KY 40701
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