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    8 Cumberland Gap Pkwy Corbin, KY 40701

    For Sale
    $750,000

    1.5-Acre Commercial Land, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1.5-acre commercial land parcel presents a prime retail opportunity in Corbin, Kentucky. Strategically located on Cumberland Gap Parkway, this lot boasts unparalleled visibility due to its direct Interstate 75 frontage. The property benefits from exceptionally high traffic counts, with an Annual Average Daily Traffic (AADT) of 42,562 vehicles on I-75 and 24,390 on Cumberland Gap Parkway itself. This ensures significant exposure for any retail development. The location is further enhanced by its proximity to major retail anchors such as Walmart and Lowe's, guaranteeing a strong customer base. This lot is part of an eight-lot subdivision, with the possibility of purchasing additional acreage beyond the 1.5 acres currently listed. The property is zoned for commercial use, making it ready for immediate development. The asking price for this highly desirable parcel is $750,000. The APN is 122-00-00-087.01. This is an ideal location for businesses seeking high visibility and access to a substantial consumer market in a thriving Kentucky community. Don't miss this chance to secure a prime piece of commercial real estate in a high-traffic area.

    Property Features for 8 Cumberland Gap Pkwy

    General Information

    Property type
    Land
    Lot Size
    65,340 SF

    HighLights

    • 1.5‑acre commercial land parcel in Corbin, KY, ideal for retail development.
    • High visibility due to I‑75 and Cumberland Gap Parkway frontage, with AADT of 42,562 and 24,390 respectively.
    • Located near major retailers like Walmart and Lowe's.
    • Part of an eight‑lot subdivision with potential for expansion.
    • Commercially zoned and ready for immediate development.
    • Asking price: $750,000; APN: 122‑00‑00‑087.01.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Corbin
    County
    Laurel
    State
    Kentucky
    Longitude
    -84.10907475921
    Latitude
    36.976577403568

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    FAQs

    What type of property is this?
    Land - 1.5-Acre Commercial Land, High Traffic
    Where is this land located?
    The property is located at 8 Cumberland Gap Pkwy Corbin, KY.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: 1.5-acre commercial land parcel in Corbin, KY, ideal for retail development.; High visibility due to I-75 and Cumberland Gap Parkway frontage, with AADT of 42,562 and 24,390 respectively.; Located near major retailers like Walmart and Lowe's.
    Request Owner's contact information
    8 Cumberland Gap Pkwy 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
    8 Cumberland Gap Pkwy Corbin, KY 40701
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