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    1488 Lake Dr Prestonsburg, KY 41653

    Sponsored
    For Sale
    $545,000

    Prime Prestonsburg location, 1-acre lot, 4,500 sq ft.

    Property size:
    4,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 1488 N. Lake Drive in Prestonsburg, Kentucky, presents a unique investment opportunity. Priced at $545,000, this 1-acre lot offers 4,500 square feet of space, previously known as "Jerry's." Its strategic location is easily accessible from the intersection of US 23 and Route 114, making it highly visible and convenient for customers. From the intersection, travel Route 114 into Prestonsburg. At the red light, turn left onto N. Lake Drive and follow through town to the property. The ample space is ideal for a variety of commercial ventures, including restaurants, offering significant parking potential. The property's history and established location within Prestonsburg, Floyd County, KY 41653, provide a strong foundation for future business success. This is a rare opportunity to acquire a substantial commercial lot in a prime location at an attractive price point. The property's size and location make it suitable for a wide range of commercial uses, offering significant potential for growth and return on investment. Don't miss this chance to own a piece of Prestonsburg's commercial landscape.

    Property Features for 1488 Lake Dr

    General Information

    Property type
    Land
    Square Feet
    4,500 SF
    Lot Size
    43,560 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Prestonsburg
    County
    Floyd
    State
    Kentucky
    Longitude
    -82.7760467
    Latitude
    37.6861665

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    FAQs

    What type of property is this?
    Land - Prime Prestonsburg location, 1-acre lot, 4,500 sq ft.
    Where is this land located?
    The property is located at 1488 Lake Dr Prestonsburg, KY.
    What is the asking price?
    The asking price for this property is $545,000.
    Request Owner's contact information
    1488 Lake Dr Prestonsburg, KY 41653
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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
    1488 Lake Dr Prestonsburg, KY 41653
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