Nebo Rd Madisonville, KY 42431
- Land
- 6.93 lot acres
Current Use by Public Records
- Land
Property Details for 0 Nebo Rd
- Lot size
- 6.93 lot acres
- Property type
- Land
Description
This exceptional 6.93-acre commercial land parcel presents a lucrative investment opportunity in Madisonville, Kentucky. Located on highly trafficked Nebo Road, this property boasts multiple access points, enhancing its versatility and appeal. Access is provided via an easement across the front of the Cayce Mill store lot, a Kentucky Department of Transportation (KYDOT) permit for access from Yorkwood Place, and Dodson Lane. Currently, a building situated on the tract generates a monthly rental income of $900, offering immediate cash flow. The property is zoned M-1 (Light Industrial), opening doors to a wide range of potential uses. The asking price is $495,000, translating to approximately $79,365 per acre. This prime location, combined with its existing income stream and flexible zoning, makes this an exceptional opportunity for investors seeking strong returns and development potential in a thriving Kentucky market. The property is owned by an LLC. Detailed site plans and zoning information are readily available upon request. Don't miss this chance to acquire a significant commercial land holding in a rapidly growing area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Madisonville
- County
- Hopkins
- State
- Kentucky
- Longitude
- -87.5719
- Latitude
- 37.3658
