501 Joseph DrHarrodsburg, KY 40330

Property Details for 501 Joseph Dr

Year built

2013

Construction

BRICK

Lot size

0.98 AC

Property size (Sq ft)

2,776 SF

Zone code

COM

Property type

Retail properties

Property subtype

Drive through restaurants

APN

100.12-01007.02

APU

100120100702

Description

This exceptional single-tenant retail property, located at 501 Joseph Drive in Harrodsburg, Kentucky, offers 6,894 square feet of versatile commercial space. The building sits on approximately 0.967 acres and boasts excellent visibility and frontage on South College Street, ensuring high traffic exposure. Ample parking is available for customers and employees. The property's strategic location is a key advantage, situated directly in front of a Walmart and adjacent to a Save-A-Lot anchored center, guaranteeing significant foot traffic and brand synergy. The property is zoned for commercial use and features a single-story building. The Mercer County location, with APN 100.12-01007.02, provides easy access to local amenities and a strong customer base. The entire 6,894 square feet is currently vacant, presenting a unique opportunity for a business seeking a prominent location with high visibility and convenient access. This property is ideal for a variety of retail uses and represents a compelling investment opportunity in a thriving Kentucky market. The property's single-tenant configuration offers simplicity and control, while its prime location ensures maximum exposure and potential for success. The building's single-story design provides easy accessibility and efficient use of space.

• CAP approach

  CAP return

  Valuation

  6%

  $758,337

  6.5%

  $700,004

  7%

  $650,004

• Comparable approach

  Method

  Valuation

  Relative Method

  $604,152

  Geo Method

  $602,174

• Alternative Use

  Use

  Valuation

  Residential

  $590,479

  Hospitality

  $540,876

  Educational

  $450,002

  Medical

  $465,479

  Retail

  $700,004

Location Insight

City

Harrodsburg

County

Mercer

State

Kentucky

Latitude

37.7446

Longitude

-84.8417

Property Tax & Assessments

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