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Property profile

00 Ky Hwy Middlesboro, KY 40965

OFF-MARKET
Specialty properties
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Specialty properties

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

00 Ky Hwy Middlesboro, KY 40965
Middlesboro metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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