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    1589 31 Byp Bowling Green, KY 42101

    Sponsored
    For Sale
    $2,800,000

    3.91 Acres, High Traffic, WKU Proximity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 3.91-acre commercial land parcel in Bowling Green, KY, presents a remarkable investment opportunity. Located at the signalized intersection of US 31-W Bypass and Cabell Drive, with additional frontage on East 16th Avenue, this property boasts unparalleled visibility and accessibility. The site benefits from a daily traffic count exceeding 16,000 vehicles on US 31-W Bypass, ensuring high exposure for any development. Its proximity to Western Kentucky University and Bowling Green's vibrant downtown area further enhances its appeal. Zoned Highway Business, this versatile land is suitable for a variety of uses, including retail, office, multi-family, or mixed-use developments. The property includes an existing asphalt parking area. Restrictions prohibit grocery and hardware stores. The asking price is $2,800,000. The APN is 040B-07-059. This strategically positioned land offers an excellent chance to capitalize on the high traffic and commercial potential in the heart of Bowling Green. Multiple access points from all three streets provide convenient ingress and egress.

    Property Features for 1589 31 Byp

    General Information

    Property type
    Land
    Lot Size
    170,320 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Bowling Green
    County
    Warren
    State
    Kentucky
    Longitude
    -86.4477926
    Latitude
    36.9807183

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    FAQs

    What type of property is this?
    Land - 3.91 Acres, High Traffic, WKU Proximity
    Where is this land located?
    The property is located at 1589 31 Byp Bowling Green, KY.
    What is the asking price?
    The asking price for this property is $2,800,000.
    (270) 781-8000
    Request Owner's contact information
    1589 31 Byp 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
    1589 31 Byp Bowling Green, KY 42101
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