Current Use by Public Records
- Country Liquors / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
Property Details for 11 Lake Jericho Rd
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 7-acre commercial property, located at 11 Lake Jericho Rd, Smithfield, KY 40068, presents a significant investment opportunity. Situated on the corner of LaGrange Road and Lake Jericho Road, this prime location boasts close proximity to Highway 71, placing it within easy reach of a substantial customer base. Currently occupied by a leased liquor store and a commercial trucking office, the property is zoned B2, offering versatility for a range of commercial ventures. Its strategic location makes it ideal for a franchise restaurant, hotel, or strip mall development. The area is experiencing significant growth, with new developments already underway, indicating a strong potential for future appreciation. This property represents a compelling investment opportunity, whether for immediate development or future resale. The existing tenants provide a stable income stream while the property's potential for expansion and redevelopment offers substantial long-term growth prospects. The one-story building sits on a large parcel of land, providing ample space for expansion or the construction of new buildings. This is a rare opportunity to acquire a substantial commercial property in a rapidly developing area.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Smithfield
- County
- Henry
- State
- Kentucky
- Longitude
- -85.2941
- Latitude
- 38.4519
