125 Queen StMount Sterling, KY 40353

  • Commercial real estate
  • 0.19 AC
For Sale
$295,000 View listing

Property Details for 125 Queen St

Lot size
0.19 AC
Property type
Commercial real estate
APN
23M-50-17-032.00
APU
23M501703200

Description

This exceptional mixed-use property in Mount Sterling, Kentucky, presents a compelling investment opportunity. Located at 125 S Queen St, 40353, this 3,000 square foot building sits on a spacious 1.5-acre lot, providing abundant parking and potential for expansion. The property is categorized as Traditional Office and offers a blend of office and warehouse space, making it ideal for a variety of businesses. The asking price is $295,000, translating to a price per square foot of $98.33. The building's versatility is further enhanced by its suitability for owner-user occupancy. The large lot offers significant advantages, particularly during events like Mount Sterling's October Court Day Festival, providing ample space for vendors and parking. This property represents a unique chance to acquire a well-situated, adaptable commercial space with significant upside potential in a thriving Kentucky community. The property consists of one building and is classified as Mixed Use, Office, and Self Storage. The substantial lot size and strategic location make this an attractive investment for both business owners and investors seeking a strong return.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,625,265
    Hospitality
    $1,488,734
    Educational
    $1,238,610
    Medical
    $1,281,207
    Retail
    $1,926,726
125 Queen St, Mount Sterling, Kentucky

Location Insight

City
Mount Sterling
County
Montgomery
State
Kentucky
Latitude
38.06
Longitude
-83.9397
CBSA code
34460
CBSA name
MOUNT STERLING, KY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$510
-
-
$52,000
-
-
-
$52,000

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