Current Use by Public Records
- Land
Property Details for 53rd St & Winchester Ave
- Lot size
- 26.00 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
This exceptional 26-acre industrial land parcel presents a rare development opportunity in Ashland, Kentucky. Located within city limits, this property boasts Heavy Industrial zoning and offers significant advantages. Strategically situated along Winchester Avenue, extending from 53rd Street in Ashland to 11th Avenue in Catlettsburg, it provides convenient access to major transportation routes. The site features valuable Ohio River frontage, complete with three river cells ideal for barge operations. Prior site permits are in place, including those from the KY Department of Natural Resources, KY Division of Water, and the US Corps of Engineers, streamlining the development process. All city utilities are readily accessible, and the property is within five miles of an electrical substation, ensuring ample power supply. A portion of the site previously served as a coal dock for 15 years, demonstrating its suitability for heavy industrial uses. The potential for a rail spur/turnout further enhances its logistical capabilities. The site experiences approximately 15,817 vehicles per day (VPD) on the adjacent road, indicating high visibility and accessibility. This prime location, coupled with its existing infrastructure and permits, makes this a truly unique and compelling investment opportunity. The asking price has been significantly reduced to $3,900,000.
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
- Ashland
- County
- Boyd
- State
- Kentucky
- Longitude
- -82.6098
- Latitude
- 38.4422
