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    Us-62 Princeton, KY 42445

    For Sale
    $589,000

    12,700 SF Warehouse, 18 Acres

    Property size:
    12,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional industrial property, located on Hwy 62 West in Princeton, Kentucky, presents a compelling investment opportunity. The 12,700 square foot warehouse, built in 1960, sits on a generous 18.38-acre lot and features three dock-high doors. The property is conveniently situated less than four miles from downtown Princeton and offers easy access to major transportation arteries. Its proximity to the Eddyville Riverport and the I-24/I-69 interchange provides significant logistical advantages for businesses seeking efficient distribution networks. The property's zoning allows for flexible use, catering to a variety of industrial and warehousing needs. The site is also ideally positioned to benefit from the recent grant secured by the Eddyville Riverport Authority for facility improvements, promising continued growth in the area's commerce. The property is available for purchase as a whole ($589,000) or can be subdivided into two parcels: Parcel A (5 acres with the 12,700 SF building, $150,000) and Parcel B (the remaining 13.38 acres, $475,000). This location offers ample space for expansion, yard storage, and significant potential for long-term growth, making it an attractive investment in a thriving Kentucky market. The property's address is US-62, Princeton, KY 42445, and its APN is 27-7A. The property is approximately 7.5 miles from the Eddyville Riverport and 10 miles from the heavily trafficked I-24/I-69 interchange, a key route between St. Louis, MO and Nashville, TN.

    Property Features for 0 Us-62

    General Information

    Property type
    Distribution properties
    Square Feet
    12,700 SF
    Lot Size
    800,633 SF

    Building Details

    Year Built
    1960
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 12,700 SF industrial building on 18.38 acres.
    • Ample space for expansion and yard storage.
    • Located on US‑62, near the Wendell H Ford Western Kentucky Parkway.
    • 7.5 miles from Eddyville Riverport.
    • 10 miles from I‑24/I‑69 interchange, a major route between St. Louis and Nashville.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Princeton
    County
    Caldwell
    State
    Kentucky
    Longitude
    -87.8630636
    Latitude
    37.1185275

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    FAQs

    What type of property is this?
    Distribution property - 12,700 SF Warehouse, 18 Acres
    Where is this distribution property located?
    The property is located at Us-62 Princeton, KY.
    What is the asking price?
    The asking price for this property is $589,000.
    What are key features of this property?
    This property features: 12,700 SF industrial building on 18.38 acres.; Ample space for expansion and yard storage.; Located on US-62, near the Wendell H Ford Western Kentucky Parkway.
    Request Owner's contact information
    Us-62 Princeton, KY 42445
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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
    Us-62 Princeton, KY 42445
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