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Property profile & analytics
FOR SALE
Turn key restaurants

1488 N Lake Dr Prestonsburg, KY 41653

4,916 SF 37 ac lot
Entity Owned 11-yr Hold Free & Clear
Property ID
US34-1546454
Property summary
AI-generated overview

This exceptional commercial property, situated at 1488 N Lake Drive in Prestonsburg, Kentucky, presents a unique investment opportunity. Boasting a generous 4,500 square feet of space on a one-acre lot, this building offers significant potential for a variety of businesses. Previously known as "Jerry's," the property's history suggests a strong foundation for a new venture. The ample parking provides convenient access for customers and employees, a significant advantage in a high-traffic area. The building's size allows for flexibility in layout and design, accommodating a wide range of commercial uses, from restaurants to retail spaces, or even office suites. Its prime location in Prestonsburg ensures high visibility and accessibility, making it an ideal choice for entrepreneurs seeking a thriving business environment. The asking price of $545,000 represents a compelling value for a property of this size and location, offering a strong return on investment. This is a rare opportunity to acquire a well-situated commercial property with significant potential for growth and success. Don't miss out on this chance to establish your business in a prime Prestonsburg location.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,916 SF
Lot 37 ac (1,611,720 SF)
APN 045-00-00-099.00
UPID US34-1546454
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Absher Property Management LLC · 11 yrs held
Absher Property Management LLC
since 2014
1 recorded transaction
2014
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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