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    Evans Ave Mount Sterling, KY 40353

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    For Lease
    Contact for pricing

    1.51 Acres, High Visibility, I-64 Access

    Lot size:
    65,776 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.51-acre commercial land parcel presents a remarkable opportunity for development in Mount Sterling, Kentucky. Located at the highly visible intersection of Evans Ave and Young Lane, this property boasts easy access to Interstate 64 via exit 110, ensuring significant traffic exposure and convenient access for customers and employees. The lot is zoned for commercial use, offering flexibility for a variety of retail or commercial ventures. With a total land area ranging from 0.75 to 1.51 acres, the site provides ample space for construction and potential expansion. The property's address is Evans Ave, Mt Sterling, KY 40353, and its location within Montgomery County is further enhanced by its proximity to Indian Mound Drive and Maysville Road. The parcel's APN is 023-40-02-015.00. This single-tenant property is ideal for businesses seeking a high-traffic location with excellent visibility and convenient access to a major interstate highway. The property's size and zoning make it suitable for a range of commercial developments, offering a strong investment potential for discerning buyers. The site's strategic location and accessibility make it an attractive option for businesses looking to establish a strong presence in the Mount Sterling market.

    Property Features for 0 Evans Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    65,776 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    65,776 SF

    HighLights

    • 1.51‑acre commercial land parcel available for ground lease in Mount Sterling, KY.
    • Potential for lot subdivision.
    • Ideal for restaurant or retail development.
    • High‑visibility location at Evans Ave and Young Lane, near I‑64 Exit 110, with excellent access to Indian Mound Drive and Maysville Road.
    • Two points of ingress/egress.
    • High traffic counts: ~26,196 VPD on I‑64 and ~19,785 VPD on Maysville Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mount Sterling
    County
    Montgomery
    State
    Kentucky
    Longitude
    -83.950071
    Latitude
    38.0743705

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    Nearby Similar for Lease

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    FAQs

    What type of property is this?
    Land - 1.51 Acres, High Visibility, I-64 Access
    Where is this land located?
    The property is located at Evans Ave Mount Sterling, KY.
    What are key features of this property?
    This property features: 1.51-acre commercial land parcel available for ground lease in Mount Sterling, KY.; Potential for lot subdivision.; Ideal for restaurant or retail development.
    Request Owner's contact information
    Evans Ave Mount Sterling, KY 40353
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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
    Evans Ave Mount Sterling, KY 40353
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