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    Rte 538 Lockwood, KY 41129

    Sponsored
    For Sale
    $2,700,000

    Versatile Land, Ideal for Multiple Uses

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 90-acre property in Boyd County, Kentucky, presents a unique investment opportunity. Located at Route 538, Catlettsburg, KY 41129 (APN 040-00-00-049.00), this expansive land parcel is zoned for flexible commercial, industrial, and residential development. The property's strategic location offers easy freeway access and proximity to a planned quarter horse track and industrial site, promising significant future growth. Its adjacency to the Marathon Oil Refinery further enhances its appeal to businesses seeking a location within a thriving industrial corridor. Local authorities are supportive of development proposals, making this a highly attractive option for various projects. The land is divisible, allowing for tailored development plans to suit individual needs. Whether you envision a residential community, a commercial center, an industrial facility, or a mixed-use development, this property provides the scale and flexibility to realize your vision. The asking price is $2,700,000. This is a rare opportunity to acquire a large, versatile tract of land in a rapidly developing area with significant long-term potential.

    Property Features for 0 Rte 538

    General Information

    Property type
    Land
    Lot Size
    3,920,400 SF

    HighLights

    • $2,700,000 asking price.
    • 90‑acre land parcel in Catlettsburg, KY.
    • APN: 040‑00‑00‑049.00.
    • Flexible zoning allows for diverse development (industrial, residential, commercial).
    • Convenient freeway access and proximity to a planned quarter horse track and industrial site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lockwood
    County
    Boyd
    State
    Kentucky
    Longitude
    -82.613927
    Latitude
    38.384317

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    FAQs

    What type of property is this?
    Land - Versatile Land, Ideal for Multiple Uses
    Where is this land located?
    The property is located at Rte 538 Lockwood, KY.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: $2,700,000 asking price.; 90-acre land parcel in Catlettsburg, KY.; APN: 040-00-00-049.00.
    Request Owner's contact information
    Rte 538 Lockwood, KY 41129
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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
    Rte 538 Lockwood, KY 41129
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