2303 Fort Campbell BlvdHopkinsville, KY 42240

Property Details for 2303 Fort Campbell Blvd

Lot size

0.64 AC

Property size (Sq ft)

2,275 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

228-00 02 010.00

APU

228000201000

Description

This 2,200 square foot vacant storefront, formerly a Smoothie King, presents a unique investment opportunity in Hopkinsville, Kentucky. Located at 2303 Fort Campbell Blvd, this single-tenant net lease property sits on a 0.64-acre lot and boasts a prime location within a thriving commercial area. The building, constructed in 2007, offers a free drive-through, making it ideal for a variety of food service or retail businesses. The property benefits from its proximity to numerous national tenants including Papa Johns, Goodyear, Domino's, Enterprise Rent-A-Car, Dunkin', McDonald's, and Taco Bell, ensuring high visibility and foot traffic. Furthermore, the area is experiencing significant economic growth with the construction of a massive electric vehicle battery plant, creating over 500 new jobs and expected to be operational in 2024. A new state-of-the-art EV recycling facility is also slated for completion in January 2025, further solidifying the region's economic future. The property's strategic location is just 9 minutes from Murray State University, a regionally ranked institution, and serves a population with an average household income exceeding $46,218 within a 5-mile radius. The land value is $204.55 per square foot. This property is being offered as a vacant net lease with zero remaining lease term, providing the new owner with complete control and flexibility. This is an exceptional opportunity to capitalize on the burgeoning growth and strong demographics of this Kentucky market.

• CAP approach

  CAP return

  Valuation

  6%

  $577,726

  6.5%

  $533,286

  7%

  $495,194

• Comparable approach

  Method

  Valuation

  Relative Method

  $493,497

  Geo Method

  $493,497

• Alternative Use

  Use

  Valuation

  Residential

  $449,846

  Hospitality

  $412,057

  Educational

  $342,826

  Medical

  $354,617

  Retail

  $533,286

Location Insight

City

Hopkinsville

County

Christian

State

Kentucky

Latitude

36.851

Longitude

-87.4881

CBSA code

17300

CBSA name

CLARKSVILLE, TN-KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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