000 Homewood Dr Madisonville, KY 42431
This exceptional 48-acre property located at 000 Homewood Drive, Madisonville, KY 42431 presents a unique opportunity for both estate living and investment. Situated within city limits, this land boasts multiple access points from north, south, and west, offering unparalleled convenience and flexibility. The property is zoned residential, allowing for potential development into individual lots, making it an attractive investment prospect. Approximately 5 acres are cleared and have been previously used for crop cultivation, while the remaining acreage is wooded, providing a blend of open and natural landscapes. All utilities are either readily available or already present on the site, simplifying development plans. This expansive parcel offers the rare combination of a tranquil, spacious setting with the advantages of city proximity. The property's size and zoning make it ideal for a large estate, a subdivision project, or a combination of both. With its versatile nature and prime location, this land presents a compelling opportunity for discerning buyers seeking a significant investment or a remarkable place to build their dream home. The property's latitude and longitude coordinates are 37.3162147, -87.5043388.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.