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    300 Perry Circle Rd Hazard, KY 41701

    For Sale
    Contact for pricing

    285+ Acres, Prime KY Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    Perry Plaza, a 285.56-acre commercial land development in Hazard, Kentucky (41701), presents a significant investment opportunity. Located on Highway 80, near the intersection with Highway 15, this property boasts an average daily traffic count of 11,000 vehicles. The site is zoned commercial and features existing businesses including Steak N Shake, Fazoli's, Big Kahuna Car Wash, Farmers Pediatric Dentistry, a GoTime Gas Station, and Moe's. Currently under construction are a full-service healthcare clinic and a VA outpatient clinic, further enhancing the area's appeal. A planned county-funded sporting complex on an adjacent 50+ acre parcel will add to the property's value. The property's strategic location offers easy access to Hazard Appalachian Regional Hospital, the University of Kentucky Center for Rural Health, and major retailers like Lowe's and Walmart. Existing utilities include a 12-inch sewer line, an 8-inch water line, electrical service, and natural gas. The property is available in parcels or acreage sized to buyer needs, with Phase 1 and Phase 2 land priced at $550,000 per acre. An additional 50+ acres of flat land are also available for development. Hazard, Perry County serves a large regional population, exceeding its 28,000 residents, and benefits from an affordable workforce and utility costs. Two state parks are located within 30 miles. This prime real estate is ideal for large-scale retail, restaurants, medical offices, and other commercial ventures.

    Property Features for 300 Perry Circle Rd

    General Information

    Property type
    Land
    Lot Size
    12,438,994 SF

    HighLights

    • Over 50 acres of level land available.
    • Parcels or acreage sold to suit buyer needs.
    • Phase 1 & 2: $550,000/acre.
    • Prime commercial investment opportunity, ideal for large‑scale retail.
    • Excellent location for restaurants, retail, shopping centers, medical offices, and entertainment venues.
    • High visibility, directly off four‑lane Highway 80.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Hazard
    County
    Perry
    State
    Kentucky
    Longitude
    -83.1972195
    Latitude
    37.2950623

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    FAQs

    What type of property is this?
    Land - 285+ Acres, Prime KY Location
    Where is this land located?
    The property is located at 300 Perry Circle Rd Hazard, KY.
    What are key features of this property?
    This property features: Over 50 acres of level land available.; Parcels or acreage sold to suit buyer needs.; Phase 1 & 2: $550,000/acre.
    (606) 312-7805
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    300 Perry Circle Rd Hazard, KY 41701
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    Hazard, KY 41701
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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
    300 Perry Circle Rd Hazard, KY 41701
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