356 Suwannee Trail StBowling Green, KY 42103

  • Office properties
  • 44,800 SF
For Sale
$699,500 View listing

Property Details for 356 Suwannee Trail St

Year built
2015
Construction
STEEL FRAME
Lot size
4.51 AC
Property size (Sq ft)
44,800 SF
Property type
Office properties
Property subtype
Office buildings
APN
052A-20-013D
APU
052A20013D

Description

This exceptional 1.085-acre commercial land parcel, located at 356 Suwannee Trail St, Bowling Green, KY 42103, presents a unique development opportunity. The property, encompassing 47,262 square feet, is fully developed and boasts off-site drainage, ensuring efficient site preparation. It's conveniently situated within a quality mixed-use development, offering immediate access to existing amenities and infrastructure. The lot is already platted and zoned, expediting the construction process. However, all development plans must receive prior approval from the development's owners. Attractive restrictive covenants are in place to maintain the high standards of the surrounding area. This prime location is ideally suited for a stand-alone general or medical office building, providing excellent visibility and accessibility. The asking price for this ready-to-build parcel is $699,500. Don't miss this chance to acquire a highly desirable commercial lot in a thriving Kentucky community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $7,739,292
    6.5%
    $7,143,962
    7%
    $6,633,680
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,856,384
    Geo Method
    $3,856,384
  • Alternative Use

    Use
    Valuation
    Residential
    $8,858,514
    Hospitality
    $8,114,351
    Educational
    $6,751,044
    Medical
    $6,983,224
    Retail
    $10,501,625
356 Suwannee Trail St, Bowling Green, Kentucky

Location Insight

City
Bowling Green
County
Warren
State
Kentucky
Latitude
36.9677
Longitude
-86.3978
CBSA code
14540
CBSA name
BOWLING GREEN, KY 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
$36,444
-
-
$4,250,000
-
-
-
$4,250,000

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