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    Tract #8 Hunter Ray Way Albany, KY 42602

    For Sale
    $205,000

    1.023-acre commercial lot near Albany, KY.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1.023-acre commercial property presents a unique investment opportunity near Lake Cumberland in Clinton County, Kentucky. Located at Tract #8 Hunter Ray Way, Albany, KY 42602, this land boasts a partially finished 50x60 barndominium featuring two stories, roughed-in plumbing, and concrete flooring. The structure includes two 14x16 garage doors, offering significant flexibility for customization. Conveniently located near existing water and electricity hookups, this property provides a solid foundation for various commercial ventures. Its proximity to popular recreational areas adds to its appeal. The property is approximately 10 miles from Albany, 12 miles from Grider Hill, 1.7 miles from Frymans Landing, and 5.6 miles from Marina Rowena, making it ideal for businesses catering to tourism or lake activities. The asking price for this versatile commercial land is $205,000. This presents a rare chance to acquire a substantial property with existing infrastructure in a desirable location. Don't miss this opportunity to build your dream commercial project near Lake Cumberland.

    Property Features for 0 Tract #8 Hunter Ray Way

    General Information

    Property type
    Land
    Lot Size
    44,562 SF

    HighLights

    • 1.023‑acre commercial land parcel for sale in Albany, KY.
    • Located in Clinton County, KY, near Lake Cumberland.
    • Features a partially finished 50x60 barndominium with two stories, roughed‑in plumbing, concrete flooring, and two 14x16 garage doors.
    • Conveniently located near water and electricity hookups.
    • Priced at $205,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Albany
    County
    Clinton
    State
    Kentucky
    Longitude
    -85.1479364
    Latitude
    36.7263899

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    FAQs

    What type of property is this?
    Land - 1.023-acre commercial lot near Albany, KY.
    Where is this land located?
    The property is located at Tract #8 Hunter Ray Way Albany, KY.
    What is the asking price?
    The asking price for this property is $205,000.
    What are key features of this property?
    This property features: 1.023-acre commercial land parcel for sale in Albany, KY.; Located in Clinton County, KY, near Lake Cumberland.; Features a partially finished 50x60 barndominium with two stories, roughed-in plumbing, concrete flooring, and two 14x16 garage doors.
    Request Owner's contact information
    Tract #8 Hunter Ray Way Albany, KY 42602
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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
    Tract #8 Hunter Ray Way Albany, KY 42602
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