Property profile

15855-15897 Us Hwy Benton, KY 42025

OFF-MARKET
Land
10.65 ac lot
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Property summary

AI-generated overview

This exceptional 10.65-acre property, located at 15855-15897 US Hwy 68E in Benton, Kentucky (42025), presents a lucrative investment opportunity. Situated just 1.8 miles from Kentucky Lake, this land boasts significant potential for immediate income generation and future development. Currently featuring seven double-wide mobile homes and two single-wide mobile homes, all situated on permanent foundations, the property provides a steady stream of rental income. Three additional vacant lots further enhance the investment potential. The expansive acreage offers ample room for expansion, allowing for the creation of additional rental units, a glamping site, or an RV park, capitalizing on the area's thriving tourism industry driven by the proximity to Kentucky Lake. The property is classified as residential land and is zoned accordingly. Please note that lot lines are approximate and should not be considered definitive. This is a rare opportunity to acquire a substantial land parcel with existing income streams and significant upside potential in a desirable location. The asking price for this remarkable property is $925,000.

Property profile

Verified
Property type Land
Lot 10.65 ac (463,914 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

15855-15897 Us Hwy Benton, KY 42025
Benton metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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