34 Commonwealth RdVanceburg, KY 41179

  • Commercial real estate
  • 9.00 AC
For Sale
$350,000 View listing

Property Details for 34 Commonwealth Rd

Construction
TYPE NOT SPECIFIED
Lot size
9.00 AC
Property type
Commercial real estate
APN
079-00-00-056.00
APU
79000005600

Description

This exceptional commercial property presents a unique investment opportunity in Vanceburg, KY. Located on a highly visible AA highway, this 9-acre parcel boasts an impressive 225 feet of road frontage, ensuring maximum exposure to a substantial daily traffic flow. The property currently houses three existing buildings, totaling 3,200 square feet, currently used as a successful garage operation. This versatile space offers immediate income potential for a new owner, while also presenting significant development possibilities. The high density of residents within a short radius of the property guarantees a strong customer base for a variety of commercial ventures. Potential uses could include, but are not limited to, a convenience store, fast-food restaurant, or other retail establishments. The ample land provides room for expansion or the construction of additional buildings to meet future needs. This prime location and existing infrastructure make this property an ideal investment for those seeking a high-return commercial venture in a thriving community. The property's current operation demonstrates its viability and potential for continued success under new ownership. This is a rare opportunity to acquire a well-established commercial property with significant growth potential in a desirable location. The combination of existing buildings and expansive land provides flexibility for a wide range of commercial uses, making this an attractive investment for discerning buyers.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $59,866,832
    Hospitality
    $54,837,696
    Educational
    $45,624,320
    Medical
    $47,193,412
    Retail
    $70,971,168

Location Insight

City
Vanceburg
County
Lewis
State
Kentucky
Latitude
38.5961
Longitude
-83.3468
CBSA code
32500
CBSA name
MAYSVILLE, 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
$550
-
-
$49,500
-
-
-
$49,500

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