7988 Ky-90 Monticello, KY 42633
This exceptional 2.09-acre commercial lot presents a remarkable investment opportunity in Monticello, Kentucky. Located at 7988 KY-90, Wayne County, this level lot offers unparalleled accessibility with three convenient entrances. Essential utilities—including septic, water, and electricity—are already in place, simplifying development plans. The property is fully enclosed by a chain-link fence, ensuring security. Absence of restrictive covenants allows for a wide range of commercial ventures. Its strategic location near Lake Cumberland makes it particularly attractive for businesses catering to recreational activities, such as boat storage facilities. The property boasts excellent road frontage and is conveniently situated near several key attractions: Conley Bottom (5.5 miles), Mill Springs (1.5 miles), Beaver Creek (16 miles), and Downtown Monticello (8.7 miles). Priced at $200,000, this versatile land parcel is ready for immediate development, promising significant return on investment. The 42633 zip code ensures easy access to local amenities and transportation networks. This is a rare opportunity to acquire a well-positioned commercial lot in a thriving Kentucky community.
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
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.