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    OFF-MARKET
    Commercial real estate

    1318 Cannonsburg Rd, Ashland, KY 41102

    3 ac lot
    Property ID
    US34-0904819
    Property summary
    AI-generated overview

    This exceptional 3- to 3.2-acre property, located at 1318 Cannonsburg Rd, Ashland, KY 41102, presents a unique dual-use opportunity. Zoned for both commercial and residential development, this land offers significant potential for investors and entrepreneurs. The existing structure, a raised ranch, boasts three bedrooms and two bathrooms, providing immediate income potential or comfortable living space while development plans are underway. The home features both front and back porches, adding to its charm and functionality. Extensive garage space is available, including a large detached garage building in addition to the attached garage, offering ample storage or workshop potential. A waterproofed, unfinished basement provides additional storage or the possibility for future expansion. The property's prime location in Ashland, Kentucky, offers easy access to shopping, restaurants, and other amenities, making it an attractive proposition for a variety of commercial ventures. This versatile property is ideal for those seeking a blend of residential comfort and commercial potential, or a strong investment opportunity with significant upside. The asking price is $415,000. Don't miss this chance to acquire a substantial piece of land in a thriving Kentucky community.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 3 ac (130,680 SF)
    UPID US34-0904819
    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
    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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