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Property profile & analytics
OFF-MARKET
Commercial land

5855 Holy Cross Rd Loretto, KY 40037-8122

1.17 ac lot
Individually Owned 18-yr Hold Free & Clear
Property ID
US34-1890694
Property summary
AI-generated overview

This exceptional investment opportunity presents a ready-to-operate commercial building situated on a 1.17-acre lot at 5855 Holy Cross Road, Loretto, KY. The property features a substantial building, approximately 50 feet by 75 feet, providing ample space for a variety of commercial ventures. A significant advantage is the inclusion of a walk-in cooler, perfectly suited for food-related businesses, complementing the building's history as a butcher shop. Further enhancing its functionality are several sheds, offering additional storage or workspace. The property also boasts 3-phase electric, a crucial element for many commercial operations, eliminating the need for costly upgrades. The existing infrastructure significantly reduces the start-up costs for prospective owners, allowing them to focus on establishing and growing their business. The property's location in Loretto, KY, offers accessibility and visibility, making it an attractive proposition for entrepreneurs seeking a well-equipped and strategically located commercial space. This turnkey property is poised for immediate occupancy and presents a rare opportunity to acquire a versatile commercial building with significant potential. The combination of size, existing infrastructure, and convenient location makes this an exceptional investment opportunity. Don't miss out on this chance to own a piece of Loretto's commercial landscape.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.17 ac (50,965 SF)
APN 009-032
UPID US34-1890694
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
Kenneth Alan Sims · 18 yrs held
Kenneth Alan Sims
since 2008
2 recorded transactions
2008
$10,000
2006
$10,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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