941 Highway 25Williamsburg, KY 40769

  • Office properties
  • 0.66 AC
For Sale
$595,000 View listing

Property Details for 941 Highway 25

Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.66 AC
Zone code
RESIDENTIAL
Property type
Office properties
Property subtype
Office buildings
APN
110-00-00-006.29
APU
110000000629

Description

This exceptional commercial property, located at 941 Hwy 25 in Williamsburg, KY, presents a unique investment opportunity. Situated on a 0.66-acre lot, this highly visible building enjoys a prime road-front location directly across from the post office on a busy stretch of Highway 25. Previously a fully operational bank, the property boasts 2976 square feet of finished usable space, including a drive-through and vault, offering significant potential for a variety of commercial uses. The ample paved parking lot ensures convenient customer access. Its strategic location offers unparalleled convenience, with Interstate 75 just 3 miles away and numerous amenities within easy reach. Nearby establishments include a Dollar General and several gas stations, all within walking distance. This turnkey property is ready for immediate occupancy, making it an ideal choice for businesses seeking a high-traffic location with established infrastructure. The property's size and features make it suitable for a range of commercial ventures. The existing infrastructure, including the drive-through and vault, presents significant advantages for businesses requiring secure storage or convenient customer service. The property's visibility and proximity to major roadways and local amenities make it an attractive proposition for any discerning investor. The 0.66-acre lot provides ample space for expansion or future development. This is a rare opportunity to acquire a well-located, established commercial property in a thriving community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,932,670
    6.5%
    $4,553,234
    7%
    $4,228,003
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,443,835
    Geo Method
    $2,474,800
  • Alternative Use

    Use
    Valuation
    Residential
    $5,646,010
    Hospitality
    $5,171,715
    Educational
    $4,302,806
    Medical
    $4,450,786
    Retail
    $6,693,254
941 Highway 25, Williamsburg, Kentucky

Location Insight

City
Williamsburg
County
Whitley
State
Kentucky
Latitude
36.7574
Longitude
-84.1573
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
$1,348
-
-
$400,000
-
-
-
$400,000

FAQs

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