430 Us Highway 62Eddyville, KY 42038

Property Details for 430 Us Highway 62

Year built

1988

Construction

WOOD

Lot size

3.34 AC

Property size (Sq ft)

5,364 SF

Property type

Auto shops

APN

41-121

APU

41121

Description

This exceptional commercial property, located at 430 US Hwy 62 E in Eddyville, KY, presents a lucrative investment opportunity. The 6,170 square foot complex sits on approximately 3.34 acres and boasts an impressive 280 feet of road frontage along Highway 62, benefiting from over 7,000 average annual daily traffic. The property comprises two separate buildings, both currently leased and generating income. The first building, a 1,800 square foot tire shop, includes multiple 14-foot overhead garage doors, dedicated office space, and substantial upper-level storage. The second building, a spacious 5,364 square foot workshop, is ideally suited for a variety of commercial uses. Currently configured as a maintenance shop, it retains existing lifts and features multiple offices, restrooms, and ample overhead storage. Adding to the property's profitability is a separate, existing easement agreement with a telephone company, generating a consistent monthly income of $1,000. This turnkey operation offers immediate return on investment with established tenants and a prime location for attracting new businesses. The property's high visibility and convenient access make it an exceptional opportunity for investors seeking a strong, income-generating asset in a thriving commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,031,300

  6.5%

  $951,969

  7%

  $883,971

• Comparable approach

  Method

  Valuation

  Relative Method

  $480,202

  Geo Method

  $480,202

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,824,250

  Mixed-Use / Specialty

  $961,579

  Hospitality / Lodging

  $722,410

  Office

  $969,410

  Institutional / Educational

  $1,004,300

  Residential Income

  $1,175,030

  Multifamily

  $1,337,180

  Automotive / Energy

  $860,830

  Parking / Income-Based Land

  $284,215

  Restaurant / Food Service

  $527,877

  Healthcare / Senior Housing

  $972,746

Location Insight

City

Eddyville

County

Lyon

State

Kentucky

Latitude

37.0893

Longitude

-88.0803

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].