0 Ky-40W Paintsville, KY 41240
This dominant grocery-anchored regional shopping center in Paintsville, KY offers 9 available suites ranging from 825 to 65,000 square feet within a 120,901 square foot building on a 70-acre lot. The center boasts a strong mix of national and local tenants, including Food City, Lowe's Home Improvement, Ollie's Bargain Outlet, and a soon-to-open Hobby Lobby, along with a Walmart shadow anchor. Its prime location between a Walmart Supercenter and Johnson County High and Middle Schools (over 1400 students) ensures high visibility and traffic. The property features excellent accessibility with 8 ingress/egress points, 2 signalized intersections, and nearly 4,000 feet of combined frontage, resulting in daily traffic counts exceeding 13,700 vehicles. The site is zoned commercial and benefits from its location in a development-constrained area, limiting future competition and contributing to the long-term success of its tenants. The trade area population exceeds 66,800, making this a compelling investment opportunity in a thriving eastern Kentucky business hub. Currently, 98,860 square feet is vacant, offering significant potential for new tenants. The minimum divisible space is 825 square feet, with a maximum contiguous space of 65,000 square feet. This redevelopment project presents a unique chance to capitalize on a strong retail location in a growing market. The property is located in Johnson County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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