00 Ky Hwy Middlesboro, KY 40965
This exceptional 9.613-acre commercial property in Middlesboro, Kentucky, presents a remarkable business opportunity. Located at 00 Ky Hwy 217, zip code 40965, this unique parcel boasts two garages and a storage shed, providing ample space for various uses. The property's key features include two ponds, one of which previously served as a public swimming hole, offering potential for recreational development. The land is bordered by a stream, enhancing its natural appeal. The site's history includes use as an automotive repair business, with all underground tanks having been removed and an environmental study already completed, ensuring a clean slate for future endeavors. The property's versatility allows for diverse development options, such as a campground, RV park, or cabin rentals, capitalizing on its proximity to Boone's Ridge. Two existing cabins previously functioned as restrooms and changing areas. An additional approximately 4 acres of land across the road is available for an additional cost. The total lot size is 418,611 square feet. This property is listed at $300,000.
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.