978 Highway 60Owingsville, KY 40360

For Sale
$250,000 View listing
  • Commercial real estate
  • 1,500 SF

Property Details for 978 Highway 60

Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
1.50 AC
Property size (Sq ft)
1,500 SF
Property type
Commercial real estate
APN
043-50-04-003.01
APU
43500400301

Description

This exceptional 1,500 square foot commercial property, situated on a spacious 1.5-acre lot in Owingsville, Kentucky, presents a remarkable opportunity for entrepreneurs and investors alike. The building, currently configured as a garage, features an unfinished basement, offering significant expansion potential. Its prime location along Highway 60 ensures high visibility and accessibility, making it ideal for a diverse range of businesses. The property is completely free from zoning restrictions, providing unparalleled flexibility for development and customization. Recent renovations have significantly enhanced the property's value and functionality. These upgrades include a newly constructed retaining wall, improved energy efficiency with spray ceiling insulation, and a complete overhaul of the building's infrastructure, encompassing updated windows, electrical wiring, and plumbing systems. A new bathroom, complete with modern fixtures, and a new water heater have been installed. Further enhancements include the addition of an overhead heater in the garage area and a convenient sliding garage basement door. Finally, a fresh coat of paint, both inside and out, completes the transformation, presenting a clean and inviting space ready for immediate occupancy. This property's blend of modern upgrades, versatile layout, and strategic location makes it an exceptional investment opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $294,574
    Hospitality
    $269,829
    Educational
    $224,494
    Medical
    $232,215
    Retail
    $349,213
978 Highway 60, Owingsville, Kentucky

Location Insight

City
Owingsville
County
Bath
State
Kentucky
Latitude
38.1489
Longitude
-83.7502
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
$618
-
-
$50,000
-
-
-
$50,000

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