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0 Hogback Rd Albany, KY 42602

OFF-MARKET Land Google Maps
0.93 ac lot
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional 0.93-acre commercial lot presents a unique investment opportunity in Albany, Kentucky. Located just 5.3 miles from downtown Albany, this property offers unparalleled convenience and accessibility. The lot boasts readily available water and electricity hookups, simplifying the development process. Adding to its appeal is an existing barn and garden area, providing ample space for various uses. The absence of restrictive covenants allows for maximum flexibility in design and construction, catering to a wide range of commercial ventures. For those seeking recreational opportunities, the property's proximity to water recreation is a significant advantage, situated only 7.9 miles from Wisdom Dock and 9.6 miles from Wolf River Dock. Priced competitively at $31,900, this land parcel represents a compelling investment in a desirable Kentucky location. The property's size and features make it suitable for a variety of commercial developments, offering significant potential for future growth and return. Its strategic location combines the benefits of a quiet setting with easy access to the amenities of Albany and nearby recreational areas. This is an exceptional opportunity to acquire a versatile commercial lot with significant potential.

Property profile

Verified
Property type Land
Lot 0.93 ac (40,511 SF)

Cap rate & NOI

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

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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