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Property profile & analytics
OFF-MARKET
Land

300 Perry Circle Rd Hazard, KY 41701

285.56 ac lot
Property ID
Property summary
AI-generated overview

Perry Plaza, a 285.56-acre commercial land development in Hazard, Kentucky (41701), presents a significant investment opportunity. Located on Highway 80, near the intersection with Highway 15, this property boasts an average daily traffic count of 11,000 vehicles. The site is zoned commercial and features existing businesses including Steak N Shake, Fazoli's, Big Kahuna Car Wash, Farmers Pediatric Dentistry, a GoTime Gas Station, and Moe's. Currently under construction are a full-service healthcare clinic and a VA outpatient clinic, further enhancing the area's appeal. A planned county-funded sporting complex on an adjacent 50+ acre parcel will add to the property's value. The property's strategic location offers easy access to Hazard Appalachian Regional Hospital, the University of Kentucky Center for Rural Health, and major retailers like Lowe's and Walmart. Existing utilities include a 12-inch sewer line, an 8-inch water line, electrical service, and natural gas. The property is available in parcels or acreage sized to buyer needs, with Phase 1 and Phase 2 land priced at $550,000 per acre. An additional 50+ acres of flat land are also available for development. Hazard, Perry County serves a large regional population, exceeding its 28,000 residents, and benefits from an affordable workforce and utility costs. Two state parks are located within 30 miles. This prime real estate is ideal for large-scale retail, restaurants, medical offices, and other commercial ventures.

Property profile
Verified
Property type Land
Lot 285.56 ac (12,438,994 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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