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    175 Lee Ave Pikeville, KY 41501

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    For Sale
    Contact for pricing

    3-Acre Pad, High Traffic, C-2 Zoning

    Property size:
    130,680 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3-acre pad site presents a remarkable opportunity for QSR/fast food and storefront retail development in Pikeville, Kentucky. Boasting a substantial 130,680 square feet of buildable space, this single-story property is ideally situated on 175 Lee Ave, within Pike County, and zoned C-2 Highway Commercial District, allowing for a wide range of commercial uses. Its prime location offers unparalleled visibility and accessibility, directly adjacent to a thriving shopping center anchored by a Walmart Supercenter and Lowe's, ensuring high foot traffic and customer exposure. The property benefits from excellent visibility to Highway 460 and Thompson Road, further enhancing its appeal to potential businesses. Market analysis indicates high average household incomes within a one-mile radius, suggesting a strong consumer base for retail establishments. This location provides a unique opportunity to capitalize on the existing commercial activity and strong demographics of the area. The property's size and zoning flexibility make it suitable for a variety of development concepts, promising significant return on investment. This is a rare opportunity to secure a prominent retail location in a rapidly growing market. The property's address is 175 Lee Ave, Pikeville, KY 41501.

    Property Features for 175 Lee Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    130,680 SF
    Lot Size
    130,680 SF

    Building Details

    Stories
    1

    HighLights

    • 3‑acre pad site in Pikeville, KY, ideal for QSR/fast food and retail development.
    • 130,680 square feet of buildable space on 175 Lee Ave, zoned C‑2 Highway Commercial.
    • Prime location adjacent to a Walmart Supercenter and Lowe's, offering high visibility and foot traffic.
    • Excellent visibility from Highway 460 and Thompson Road.
    • Strong demographics with high average household incomes within a one‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Drake's Pikeville, KY American Restaurant

    Suggested Use

    HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Pikeville
    County
    Pike
    State
    Kentucky
    Longitude
    -82.5341947
    Latitude
    37.5013555

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    FAQs

    What type of property is this?
    Individual retail property - 3-Acre Pad, High Traffic, C-2 Zoning
    Where is this individual retail property located?
    The property is located at 175 Lee Ave Pikeville, KY.
    What are key features of this property?
    This property features: 3-acre pad site in Pikeville, KY, ideal for QSR/fast food and retail development.; 130,680 square feet of buildable space on 175 Lee Ave, zoned C-2 Highway Commercial.; Prime location adjacent to a Walmart Supercenter and Lowe's, offering high visibility and foot traffic.
    Request Owner's contact information
    175 Lee Ave Pikeville, KY 41501
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    Pikeville, KY 41501
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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
    175 Lee Ave Pikeville, KY 41501
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