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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

0 Water St Albany, KY 42602

1 SF 0.1 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Total area 1 SF
Lot 0.1 ac (4,356 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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