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    5141 Veterans Memorial Ln Bowling Green, KY 42101

    Sponsored
    For Sale
    $650,000

    1.71-acre redevelopment opportunity in Opportunity Zone.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.71-acre property, located at 5141 Veterans Memorial Blvd, Bowling Green, KY 42101 (APN 039B-02L-026), presents a compelling redevelopment opportunity. Situated on the corner of Veterans Memorial Blvd. and Thomas Ct., this site boasts over 500 feet of frontage on Veterans Memorial, experiencing a daily traffic count exceeding 17,595 vehicles. Currently zoned for both General Business (GB) and Light Industrial use, the property includes an existing 8,200 square foot building constructed in 1960, offering the flexibility to renovate or demolish to suit future development plans. The property's location within an Opportunity Zone provides investors with significant tax incentives, further enhancing its appeal. While the existing structure offers potential, prospective buyers should note that grocery, fuel, and hardware uses are restricted by zoning regulations. This prime location and flexible zoning make this an ideal site for a variety of commercial or industrial projects. The high traffic count and prominent corner location ensure excellent visibility and accessibility. This is a rare chance to acquire a substantial parcel in a thriving Kentucky market.

    Property Features for 5141 Veterans Memorial Ln

    General Information

    Property type
    Land
    Lot Size
    74,488 SF

    HighLights

    • $650,000 asking price.
    • 1.71‑acre land parcel.
    • Commercial and light industrial zoning (GB).
    • Located at 5141 Veterans Memorial Blvd, Bowling Green, KY 42101.
    • Situated on the corner of Veterans Memorial Blvd. and Thomas Ct., offering high visibility with over 17,595 vehicles per day.
    • Opportunity Zone designation offering potential tax incentives.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Bowling Green
    County
    Warren
    State
    Kentucky
    Longitude
    -86.442538069358
    Latitude
    37.001494706424

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    FAQs

    What type of property is this?
    Land - 1.71-acre redevelopment opportunity in Opportunity Zone.
    Where is this land located?
    The property is located at 5141 Veterans Memorial Ln Bowling Green, KY.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: $650,000 asking price.; 1.71-acre land parcel.; Commercial and light industrial zoning (GB).
    Request Owner's contact information
    5141 Veterans Memorial Ln Bowling Green, KY 42101
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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
    5141 Veterans Memorial Ln Bowling Green, KY 42101
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