1318 Cannonsburg Rd, Ashland, KY 41102
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.