Property profile

106 18th St Corbin, KY 40701

OFF-MARKET
Commercial real estate
Property ID
US34-0885040
0.41 ac lot
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity in Corbin, KY, presents 1.15 acres of commercial land ideally situated on Cumberland Falls Highway (18th Street) in the downtown area. Boasting approximately 290+ feet of road frontage, this property offers unparalleled visibility and accessibility. Its strategic location provides convenient access to the city's core amenities and ensures high traffic volume. The land's connectivity extends through the city block to 17th Street, opening up diverse development possibilities. This versatile parcel is perfectly suited for a wide range of commercial ventures, including office spaces, medical facilities, or drive-through restaurants. Adding significant value to this already attractive offering are three fully occupied rental houses, generating immediate and consistent rental income. This presents a unique opportunity to build a substantial rental portfolio while simultaneously developing the expansive commercial land. The combination of existing rental income and the potential for future development makes this a truly exceptional investment opportunity with significant long-term return potential. The property is located at 106 18th Street, Corbin, KY 40701, in Whitley County. The asking price is $690,000.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot 0.41 ac (17,860 SF)
Zoning code COMMERCIAL
APN 138-30-16-019.00
UPID US34-0885040

Cap rate & NOI

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

Location

106 18th St Corbin, KY 40701-2404
Corbin metro Census 920200 LONDON, KY MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$200k

Owner & transaction history

Zoning & alternative use

COMMERCIAL · Corbin, KY

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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