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    647 2Nd St Central City, KY 42330

    For Sale
    $505,000

    Three acres, Hwy 431 frontage, ideal location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 3-acre commercial land parcel in Central City, Kentucky, presents a unique investment opportunity. Located at 647 S 2nd St (Hwy 431), this property boasts prime visibility and accessibility. One lot offers direct frontage on Highway 431, situated at the crucial intersection of 2nd Street and the Western Kentucky Parkway exit – ensuring high traffic exposure and immediate visibility to those entering the downtown area. The remaining two lots are conveniently located within a newly developed cul-de-sac, adjacent to other recent constructions, providing easy access and a well-established neighborhood feel. The entire development benefits from readily available utilities and effective drainage systems, simplifying the development process. This property's strategic location, combined with its modern infrastructure and proximity to the Western Kentucky Parkway, makes it exceptionally well-suited for a variety of commercial ventures. The asking price for this exceptional opportunity is $505,000. The property is situated in Muhlenberg County, Kentucky, zip code 42330.

    Property Features for 647 2Nd St

    General Information

    Property type
    Land
    Lot Size
    130,680 SF

    HighLights

    • Direct access to the Western Kentucky Parkway.
    • Located in a newly developed area.
    • Features readily available utilities and effective drainage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    KFC Chicken Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Central City
    County
    Muhlenberg
    State
    Kentucky
    Longitude
    -87.113568056981
    Latitude
    37.284883228774

    Nearby Comparable

    • $225,000

      Commercial Lots for Development

      Three commercial lots ideal for development opportunities.
      431 Us Hwy, Central City, KY
      View Details
    • $115,000
      4,080 SF

      Downtown Central City Commercial Building

      Prime location with income potential in Central City, KY.
      121 E Broad St, Central City, KY 42330
      View Details

    Nearby Similar for Sale

    • $80,000
      0.25 Acres

      Affordable Commercial Building on Highway

      Commercial building on Highway 431 with potential business opportunities.
      4100 Hwy, Central City, KY 42330
      View Details
    • $1,200,000
      1.90 Acres

      Central City Multifamily Investment Property

      27-unit multifamily property generating approximately $174,000 gross annually.
      1213 W Reservoir Ave, Central City, KY 42330
      View Details
    • $115,000
      4,080 SF

      Downtown Central City Commercial Building

      Prime location with income potential in Central City, KY.
      121 E Broad St, Central City, KY 42330
      View Details

    FAQs

    What type of property is this?
    Land - Three acres, Hwy 431 frontage, ideal location.
    Where is this land located?
    The property is located at 647 2Nd St Central City, KY.
    What is the asking price?
    The asking price for this property is $505,000.
    What are key features of this property?
    This property features: Direct access to the Western Kentucky Parkway.; Located in a newly developed area.; Features readily available utilities and effective drainage.
    Request Owner's contact information
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    Central City, KY 42330
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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
    647 2Nd St Central City, KY 42330
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