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    Nebo Rd Madisonville, KY 42431

    For Sale
    $495,000

    6.93 Acres, High Traffic Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 6.93-acre commercial land parcel presents a lucrative investment opportunity in Madisonville, Kentucky. Located on highly trafficked Nebo Road, this property boasts multiple access points, enhancing its versatility and appeal. Access is provided via an easement across the front of the Cayce Mill store lot, a Kentucky Department of Transportation (KYDOT) permit for access from Yorkwood Place, and Dodson Lane. Currently, a building situated on the tract generates a monthly rental income of $900, offering immediate cash flow. The property is zoned M-1 (Light Industrial), opening doors to a wide range of potential uses. The asking price is $495,000, translating to approximately $79,365 per acre. This prime location, combined with its existing income stream and flexible zoning, makes this an exceptional opportunity for investors seeking strong returns and development potential in a thriving Kentucky market. The property is owned by an LLC. Detailed site plans and zoning information are readily available upon request. Don't miss this chance to acquire a significant commercial land holding in a rapidly growing area.

    Property Features for 0 Nebo Rd

    General Information

    Property type
    Land
    Lot Size
    301,871 SF

    HighLights

    • $495,000 asking price for 6.93 acres of commercial land.
    • M‑1 zoning.
    • $79,365 per acre land value.
    • Located on high‑traffic Nebo Road in Madisonville, KY.
    • Multiple access points.
    • Currently features a building rented month‑to‑month for $900.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Madisonville
    County
    Hopkins
    State
    Kentucky
    Longitude
    -87.5719152
    Latitude
    37.3657746

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    FAQs

    What type of property is this?
    Land - 6.93 Acres, High Traffic Location
    Where is this land located?
    The property is located at Nebo Rd Madisonville, KY.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: $495,000 asking price for 6.93 acres of commercial land.; M-1 zoning.; $79,365 per acre land value.
    (270) 836-1119
    Request Owner's contact information
    Nebo Rd 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
    Nebo Rd Madisonville, KY 42431
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