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    Grand National Blvd Walton, KY 41094

    For Sale
    $400,000

    1 Acre Commercial Lot, Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1-acre commercial lot in Walton, Kentucky, presents a unique investment opportunity. Located at the corner of Grand National Boulevard and Davis Lane, in Boone County (zip code 41094), this property is currently zoned PF (Public Facility), permitting daycare use. However, a development plan could facilitate a zone change to C-3 Commercial, ideal for a multi-tenant retail strip center. The asking price of $400,000 reflects the significant pre-development work already completed. This includes addressing a drainage pond, extensive site preparation (mucking and stabilizing the soil), and making the land ready for construction. Detailed cost estimates for pad-ready site preparation are available. The property offers potential access points from both Grand National Boulevard and Davis Lane, providing flexibility for development. This prime location and the potential for significant commercial development make this a compelling investment prospect. The property's coordinates are 38.91216419617631 latitude and -84.63440643764709 longitude.

    Property Features for 0 Grand National Blvd

    General Information

    Property type
    Land

    HighLights

    • $400,000 asking price for 1‑acre commercial lot.
    • Located in Walton, KY (Boone County), at the corner of Grand National Blvd. and Davis Lane, zip code 41094.
    • Currently zoned PF (Public Facility), allowing daycare; rezoning to C‑3 Commercial possible for retail development.
    • Price includes site preparation costs (pond drainage, grading, stabilization).
    • Pad‑ready site development estimates available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Walton
    County
    Boone
    State
    Kentucky
    Longitude
    -84.634406437647
    Latitude
    38.912164196176

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    FAQs

    What type of property is this?
    Land - 1 Acre Commercial Lot, Development Potential
    Where is this land located?
    The property is located at Grand National Blvd Walton, KY.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: $400,000 asking price for 1-acre commercial lot.; Located in Walton, KY (Boone County), at the corner of Grand National Blvd. and Davis Lane, zip code 41094.; Currently zoned PF (Public Facility), allowing daycare; rezoning to C-3 Commercial possible for retail development.
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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
    Grand National Blvd Walton, KY 41094
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