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MLS #: 61189 (Commercial)
1340 US Route 60
Ashland, KY, 41102
Status: Active-New
Price: $429,000
Floors: 1
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Type: Commercial
Age: 6-10 Years||26-50 Years
Main Floor Square Feet: 1
Bath Rooms: Three Or More
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Full Description: HIGH-VISIBILITY INVESTMENT & DEVELOPMENT OPPORTUNITY IN BOYD COUNTY! Income-producing property, high-growth location, no zoning, exceptional visibility equals an investment opportunity with tremendous potential. Whether youâre looking for immediate rental income, a location for your business, or a prime redevelopment site in a rapidly expanding area of Boyd County, this property deserves a closer look! Positioned in one of Boyd Countyâs fastest-growing economic hubs, this highly visible property offers an exceptional combination of location, income-producing potential, and unlimited possibilities for future development. With high traffic volume and excellent visibility, the property is conveniently located just 1 mile from Camp Landing Entertainment District, Sandyâs Gaming, Sandy Ridge Horse Track, and numerous new developments slated for construction. Interstate 64 is only 3 miles away, providing easy access to surrounding communities and major transportation routes. The property currently features three separate structures totaling approximately 5,053 square feet, most recently utilized as four residential rental units, creating an opportunity for an investor to step into an established income-producing property with the potential for immediate cash flow. The largest structure contains approximately 3,517 square feet and was originally constructed and operated as a bank for many years. It has since been repurposed into two residential units and offers excellent potential for continued residential use, commercial conversion, retail, professional offices, or redevelopment. Recent improvements include a new roof and HVAC system, adding value and peace of mind for the next owner. Two additional detached structures, each approximately 768 square feet, were constructed in 2021. Each currently functions as a two-bedroom, one-bath residential unit, providing additional rental income and flexibility. With no zoning restrictions, the possibilities are virtually limitless. Whether your vision is to continue utilizing the existing structures as residential rentals, convert them to commercial or professional space, create retail opportunities, or completely redevelop the property from the ground up, this property offers a true clean slate for investors, entrepreneurs, and developers. The location and flexibility make it suitable for virtually any industry or business concept. The property also offers ample paved parking, with additional space available for expansion. Schedule your private showing today!
Directions: US 60 to Shopes Creek. Property on the corner of Shopes Creek and US 60.
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Lot Size: .66 of an acre
Cooling: Central Air||Wall Unit||Window Unit
Heat: Forced Air Gas||Wall Electric
Water/Sewer
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Listing Courtesy of: RE/MAX Realty Connection, LLC
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Listed by: Agent A
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