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    OFF-MARKET
    Retail properties & Spaces

    175 Lee Ave, Pikeville, KY 41501

    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Drake's Pikeville, KY Restaurant
    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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