217 Washington StAlbany, KY 42602

Property Details for 217 Washington St

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Property size (Sq ft)

1,248 SF

Property type

Retail properties

Property subtype

Gas stations

APN

104-02-00-011.00

APU

104020001100

Description

This exceptional investment opportunity in Albany, Kentucky, presents a unique blend of commercial uses. Located at 217 S Washington St, this property features a well-established gas station and shop, complete with two gas pumps and one diesel pump, ensuring a steady stream of customers. The property also includes a versatile two-bay garage, equipped with insulated garage doors, two lifts, an office area, a stock room, and an air compressor, offering significant potential for expansion or diversification. Situated on a 0.14-acre corner lot in Clinton County, this property benefits from high visibility and easy accessibility, maximizing its commercial appeal. The asking price is $259,000 for this 1 square foot retail space. A video showcasing the property is available online. This is a rare chance to acquire a thriving business and prime real estate in a desirable location. The property is located within city limits, offering convenient access to local amenities and infrastructure. This is an ideal investment for entrepreneurs seeking a turnkey operation or those looking to expand their existing business portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $340,924

  6.5%

  $314,699

  7%

  $292,221

• Comparable approach

  Method

  Valuation

  Relative Method

  $271,607

  Geo Method

  $270,718

• Alternative Use

  Use

  Valuation

  Residential

  $265,460

  Hospitality

  $243,160

  Educational

  $202,307

  Medical

  $209,264

  Retail

  $314,699

Location Insight

City

Albany

County

Clinton

State

Kentucky

Latitude

36.6895

Longitude

-85.1355

Property Tax & Assessments

FAQs

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