591 Water St Flemingsburg, KY 41041-8167
This exceptional offering presents a unique opportunity to acquire a highly desirable commercial property in the thriving town of Flemingsburg, Kentucky. The core of this offering is a substantial 0.5-acre lot boasting approximately 20,000 square feet of paved blacktop, providing ample space for a wide variety of business ventures. The expansive blacktop area is ideal for parking, loading, or outdoor operations, offering significant flexibility for potential tenants or owners. The possibilities are truly limitless, making this an attractive investment for entrepreneurs seeking a prime location with excellent visibility. Adding to the appeal, an adjacent home complete with a detached garage is also available for purchase, presenting a potential live-work scenario or additional income stream through rental. This combined property offers a rare blend of commercial and residential space, providing a unique opportunity for a multifaceted business or a savvy investor looking for a versatile property. The property's location in Flemingsburg ensures convenient access to local amenities and a strong community presence. This is a turnkey opportunity for immediate business development or a strategic investment poised for future growth. The asking price of $95,000 represents exceptional value for the combined land and building potential. Don't miss this chance to secure a prime commercial property in a desirable Kentucky 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.