2709 Cumberland Falls HwyCorbin, KY 40701

  • Commercial real estate
  • 6,000 SF
For Sale
$1,000,000 View listing

Property Details for 2709 Cumberland Falls Hwy

Construction
STEEL FRAME
Lot size
1.02 AC
Property size (Sq ft)
6,000 SF
Zone code
COMMERCIAL
Property type
Commercial real estate
APN
120-00-00-095.00
APU
120000009500

Description

This exceptional commercial property, located at 2709 Cumberland Falls Highway in Corbin, KY, presents a significant investment opportunity. Situated on a 0.87-acre lot just 0.2 miles from I-75 exit 25, this high-traffic location boasts excellent visibility and accessibility. The 6,000 square foot building previously served as an outdoor sporting goods store, featuring a large storefront with impressive ceiling heights ranging from 11 to 17 feet at its highest point. An attached warehouse includes a three-bay garage, providing ample storage and potential for various uses. The showroom's interior is enhanced by four layers of fireproof sheetrock, blown insulation, and 6-inch studs, ensuring both safety and energy efficiency. The property also includes a sizable office with a private restroom, as well as separate men's and women's public restrooms. Upstairs, approximately 1200 square feet of unfinished storage space with built-in shelving offers additional versatility. The property's proximity to major businesses like Starbucks, Taco Bell, McDonald's, Applebee's, and Baptist Hospital further underscores its strategic location within the heart of Corbin's commercial hub. The expansive layout allows for significant expansion possibilities, including the addition of a rear storefront. This property is ideal for a variety of commercial ventures seeking a prominent and well-equipped space in a high-demand area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,178,298
    Hospitality
    $1,079,314
    Educational
    $897,977
    Medical
    $928,860
    Retail
    $1,396,853

Location Insight

City
Corbin
County
Whitley
State
Kentucky
Latitude
36.9167
Longitude
-84.1342
CBSA code
30940
CBSA name
LONDON, 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
$3,730
-
-
$500,000
-
-
-
$500,000

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