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    53rd St & Winchester Ave Ashland, KY 41101

    Sponsored
    For Sale
    $3,900,000

    26 Acres, Heavy Industrial Zoning, Riverfront

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 26-acre industrial land parcel presents a rare development opportunity in Ashland, Kentucky. Located within city limits, this property boasts Heavy Industrial zoning and offers significant advantages. Strategically situated along Winchester Avenue, extending from 53rd Street in Ashland to 11th Avenue in Catlettsburg, it provides convenient access to major transportation routes. The site features valuable Ohio River frontage, complete with three river cells ideal for barge operations. Prior site permits are in place, including those from the KY Department of Natural Resources, KY Division of Water, and the US Corps of Engineers, streamlining the development process. All city utilities are readily accessible, and the property is within five miles of an electrical substation, ensuring ample power supply. A portion of the site previously served as a coal dock for 15 years, demonstrating its suitability for heavy industrial uses. The potential for a rail spur/turnout further enhances its logistical capabilities. The site experiences approximately 15,817 vehicles per day (VPD) on the adjacent road, indicating high visibility and accessibility. This prime location, coupled with its existing infrastructure and permits, makes this a truly unique and compelling investment opportunity. The asking price has been significantly reduced to $3,900,000.

    Property Features for 53rd St & Winchester Ave

    General Information

    Property type
    Land
    Lot Size
    1,132,560 SF

    HighLights

    • 26‑acre industrial development site.
    • Heavy industrial zoning within city limits.
    • Winchester Ave. frontage (53rd St., Ashland to 11th Ave., Catlettsburg).
    • Ohio River frontage with three barge tie‑up cells.
    • Approved permits: KY DNR, KYGE, USACE.
    • City utilities & proximity to electrical substation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Ashland
    County
    Boyd
    State
    Kentucky
    Longitude
    -82.6097568
    Latitude
    38.4422126

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    FAQs

    What type of property is this?
    Land - 26 Acres, Heavy Industrial Zoning, Riverfront
    Where is this land located?
    The property is located at 53rd St & Winchester Ave Ashland, KY.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: 26-acre industrial development site.; Heavy industrial zoning within city limits.; Winchester Ave. frontage (53rd St., Ashland to 11th Ave., Catlettsburg).
    Request Owner's contact information
    53rd St & Winchester Ave Ashland, KY 41101
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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
    53rd St & Winchester Ave Ashland, KY 41101
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