1488 N Lake Dr Prestonsburg, KY 41653
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.