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Property summary
This exceptional commercial property, located at 506 E Laurel Road in London, KY, presents a unique investment opportunity. Situated just two-tenths of a mile from KY Hwy 192 on Hwy East 80, this 10,300 square foot building sits on a spacious 0.96-acre lot and is currently utilized as an automotive sales and powersports dealership, along with an eBay storefront. The building boasts a range of features ideal for diverse commercial uses. The interior includes electric air conditioning, gas heating, and city sewer connections. A comprehensive monitored security system ensures peace of mind, and the property is fully accessible for individuals with disabilities. A large loading dock facilitates efficient operations, complemented by a 50' x 6.5' sidewalk. Two bathrooms and a kitchen area add to the property's functionality. The well-designed floor plan includes a large front showroom (3610 SF), a second front showroom (2400 SF), a front garage with a 10' x 12' garage door (1824 SF), a front shop with loading ramp (442 SF), a rear shop with a 10' x 8' sliding door (1020 SF), a rear right shop/garage with 12' x 10' sliding doors (900 SF), and a left rear shop (485 SF). A significant added benefit is the availability of over $400,000 worth of new old stock (NOS) automotive and tractor parts, and other automotive equipment, offered at a heavily discounted price to the buyer. This versatile property offers substantial potential for a variety of commercial ventures. The asking price is $485,000.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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