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Property profile

175 Lee Ave Pikeville, KY 41501

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

This exceptional 1.4-acre pad site presents a remarkable opportunity for retail development. Classified as a single-tenant retail pad, this property boasts an ideal location adjacent to a thriving shopping center anchored by a Walmart Supercenter and a Lowe's home improvement store. This strategic positioning ensures high visibility and significant foot traffic, benefiting from the established customer base of these major retailers. The site enjoys excellent exposure to Highway 460 and Thompson Road, providing unparalleled accessibility for potential customers. Furthermore, the property is situated in a high-average household income area within a one-mile radius, indicating a strong consumer base with significant purchasing power. The zoning designation is C-2 Highway Commercial District, allowing for a variety of retail uses. This makes it particularly well-suited for restaurants and other retail establishments seeking a high-traffic, high-visibility location with strong demographics. The ample lot size offers considerable flexibility in design and development, allowing for the creation of a substantial and impactful retail presence. This is a rare opportunity to secure a prime retail pad in a highly desirable and established commercial area. The combination of location, visibility, and demographics makes this property an exceptional investment prospect for discerning developers and retailers. The property's proximity to major retailers and high-traffic roadways ensures maximum exposure and accessibility, making it an ideal location for a variety of retail businesses.

Property profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant

Location

175 Lee Ave Pikeville, KY 41501
Pikeville 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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