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    2690 Ky-1223 Corbin, KY 40701

    For Sale
    $650,000

    12.84 Acres, High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 12.84-acre commercial land parcel presents a remarkable investment opportunity in Corbin, Kentucky. Located at 2690 N 1223 HWY, 40701, this property boasts a highly desirable location, less than two miles from Interstate 75 Exit 29, ensuring excellent visibility and accessibility. The land itself is characterized by a flat to gently rolling terrain, making it suitable for a variety of commercial developments. Its strategic position benefits from significant traffic flow generated by both I-75 and Cumberland Gap Parkway/US-25 E, placing it within close proximity to a substantial customer base. The property's adjacency to the former King Truck Stop further enhances its potential. Within a one-mile radius sits a Walmart, and a plethora of local businesses, restaurants, and gas stations are located within a two-mile radius, providing ample support for any new commercial venture. The property is zoned for commercial use, offering flexibility for diverse development plans. The asking price is $650,000. This is a rare opportunity to acquire a significant commercial land holding in a thriving Kentucky location. Don't miss out on this chance to capitalize on the area's robust economic activity and high traffic volume. Serious inquiries are encouraged.

    Property Features for 2690 Ky-1223

    General Information

    Property type
    Land
    Lot Size
    559,310 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Corbin
    County
    Laurel
    State
    Kentucky
    Longitude
    -84.1025392
    Latitude
    36.9799601

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    FAQs

    What type of property is this?
    Land - 12.84 Acres, High Traffic Area
    Where is this land located?
    The property is located at 2690 Ky-1223 Corbin, KY.
    What is the asking price?
    The asking price for this property is $650,000.
    Request Owner's contact information
    2690 Ky-1223 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
    2690 Ky-1223 Corbin, KY 40701
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