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    949 Camargo Rd Mount Sterling, KY 40353

    Sponsored
    For Sale
    $2,100,000

    90,000 SF Warehouse, Prime Location

    Property size:
    90,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 90,000-square-foot warehouse, situated on a 2.56-acre lot in Mount Sterling, Kentucky, presents a compelling investment opportunity. The single-story building, renovated in 2024, boasts a mix of concrete and asphalt flooring across approximately 60,000 square feet. Ceiling heights vary between 14 and 20 feet, providing ample vertical space. Access is facilitated by three 14-foot drive-in doors and an additional truck-level loading dock at the rear. The property features a 240V electrical capacity, with the potential for a swift upgrade to 480V due to a nearby substation. The roof underwent comprehensive repairs, with a portion completed in 2018 and the remainder in 2024, ensuring structural integrity. Its strategic location offers unparalleled convenience, just one minute from Highway 686 and seven minutes from I-64, providing easy access to major transportation arteries. This property is ideally suited for businesses requiring extensive dry storage or investors seeking a redevelopment project. The asking price is $2,100,000. The address is 949 Camargo Rd, Mount Sterling, KY 40353, located at the intersection of Camargo Road (US 460) and S Queen Street. Mount Sterling, in Montgomery County, benefits from its proximity to Lexington (29 miles east) while maintaining the advantages of a rural community, including a strong work ethic, affordable land and building costs, readily available labor, and low employee turnover. This warehouse offers a unique blend of functionality, accessibility, and growth potential. One dock-high door is included.

    Property Features for 949 Camargo Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    90,000 SF
    Lot Size
    111,514 SF

    Building Details

    Year Renovated
    2024
    Buildings
    1
    Stories
    1

    HighLights

    • $2,100,000 asking price for this 90,000 square foot industrial warehouse.
    • The property sits on a 2.56‑acre lot and includes one single‑story building, renovated in 2024.
    • Features approximately 60,000 square feet of concrete/asphalt flooring.
    • Ceiling heights range from 14' to 20'. The roof was partially repaired in 2018 and fully renovated in 2024.
    • Access includes three 14' drive‑in doors and a rear truck‑level loading dock. One dock‑high door is also present.
    • The property has 240V electrical service, with potential for a quick upgrade to 480V due to a nearby substation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    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
    Mount Sterling
    County
    Montgomery
    State
    Kentucky
    Longitude
    -83.936382
    Latitude
    38.0474654

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    FAQs

    What type of property is this?
    Distribution property - 90,000 SF Warehouse, Prime Location
    Where is this distribution property located?
    The property is located at 949 Camargo Rd Mount Sterling, KY.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: $2,100,000 asking price for this 90,000 square foot industrial warehouse.; The property sits on a 2.56-acre lot and includes one single-story building, renovated in 2024.; Features approximately 60,000 square feet of concrete/asphalt flooring.
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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
    949 Camargo Rd Mount Sterling, KY 40353
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