0 Water St Albany, KY 42602
This exceptional commercial property, located at Water St in Albany, KY (zip code 42602), presents a unique investment opportunity. Priced at $84,900, this 0.1-acre lot features a two-story commercial building with significant potential. The building, constructed with concrete block walls and concrete flooring on the main level, requires some renovation. However, its prime location on Hwy 127 ensures high visibility and traffic, making it ideal for a variety of commercial uses. The building itself boasts three rooms upstairs and a half-bath, offering versatile space. Recent improvements include a new commercial entry door and a new 200-amp electrical service. The property also includes a blacktop driveway and parking lot, providing ample space for customers or employees. This property is situated within the city limits of Albany, Clinton County, Kentucky, and offers potential for substantial income generation or storage solutions. The building's existing structure provides a solid foundation for a future business venture. Don't miss this chance to acquire a high-traffic commercial property in a desirable Kentucky location.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.