451 Fairview RdWilliamstown, KY 41097

  • Land
  • 5.01 AC
For Sale
$550,000 View listing

Property Details for 451 Fairview Rd

Lot size
5.01 AC
Property type
Land
Property subtype
Commercial land
APN
004-00-00-006.00
APU
4000000600

Description

This exceptional 5-acre property in Williamstown, KY, presents a unique investment opportunity. The main structure is a substantial 7,000 square foot steel building situated on a concrete slab. Over 1,000 square feet of the building is climate-controlled, offering versatile space for a variety of uses. The property previously functioned as a commercial warehouse, incorporating office space, a climate-controlled production room, a wood shop, a bathroom, and a break area. However, its adaptability extends far beyond its previous configuration. The mostly flat 5-acre lot provides ample space for a multitude of potential developments, including a minifarm or a barndominium, potentially with up to three stories of living space. Enjoy breathtaking views from this peaceful country setting, conveniently located just 12 minutes from I-75 for easy access to major transportation routes. City water and sewer services are readily available. Its proximity to the Ark Encounter (10 miles) makes this property ideally suited for short-term rental operations. This property offers a rare blend of convenience, space, and potential, making it an attractive proposition for discerning investors and entrepreneurs alike.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $21,475,846
    Hospitality
    $19,671,760
    Educational
    $16,366,673
    Medical
    $16,929,548
    Retail
    $25,459,270
451 Fairview Rd, Williamstown, Kentucky

Location Insight

City
Williamstown
County
Pendleton
State
Kentucky
Latitude
38.6972
Longitude
-84.4993
CBSA code
17140
CBSA name
CINCINNATI-MIDDLETOWN, OH-KY-IN METROPOLITAN 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
$3,599
-
-
$279,000
-
-
-
$279,000

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