Auction | Middlesboro Center | 87% Occ. | 1801-1805 Cumberland Ave
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Auction | Middlesboro Center | 87% Occ. 1801-1805 Cumberland Ave Local commercial 1 118 m² 87 % Loué À vendre Middlesboro, KY 40965 30 285 € (27,10 €/m²)
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INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- ABSOLUTE $1 AUCTION | 87% Occupied | 12,030 SF | $39K NOI | 14K VPD | AUCTION JULY 29-31, 2025
- Signalized Intersection of Cumberland Ave (±14,324 VPD Traffic Counts) and 18th Street in Dense Commercial Corridor
- Newer Roof with 15-Year Transferrable Warranty until 2031 | Federal Opportunity Zone
- ±12,030 SF, 87% Occupied Retail Plaza in Middlesboro, KY
- Nearby National Retailers: Walmart, Kroger, McDonald’s, Cracker Barrel, Hibbett Sports, Belk, Dollar Tree, Save a Lot, NAPA, Auto Zone, and more
- Attractive 2024 Demographics with Population of ±28,130 and Annual Household Income of ±$49,914 (10-Mile)
RÉSUMÉ ANALYTIQUE
Marcus & Millichap is pleased to offer for sale (the “Property”), a multi-tenant retail building located at 1803 Cumberland Avenue in Middlesboro, Kentucky. The Property provides an exceptional opportunity to acquire a highly visible investment property with strong cash flow.
The Property is a 12,030 square foot retail building on a 0.568-acre parcel situated within a dense downtown business corridor. The Property offers excellent visibility, convenient access, and ample surface parking for both tenants and visitors. Located at the signalized intersection of W Cumberland Avenue and 18th Street, it benefits from traffic counts of 14,324 vehicles per day. The Property benefits from strong demand generators and is surrounded by many residential neighborhoods, as well as numerous national credit tenants including Walmart, Kroger, Hibbett Sports, McDonald’s, Cracker Barrel, Wendy’s, Taco Bell, Belk, Dollar Tree, Dollar General, Save a Lot, NAPA, Auto Zone, Ace Hardware, Big Lots, and many others.
Middlesboro, Kentucky is located in Bell County near the Cumberland Gap and approximately 60 miles north of Knoxville, Tennessee. Despite its modest size, Middlesboro serves as a regional hub for commerce, healthcare, and retail in southeastern Kentucky and parts of eastern Tennessee. Situated along U.S. Route 25E, Middlesboro offers direct access to Interstate 75 to the north and Interstate 81 to the south, facilitating transportation and logistics. The area is characterized by compelling demographics, with a 2024 population of approximately 28,130 people and an average annual household income of approximately $49,914 within a 10-mile radius.
The Property is a 12,030 square foot retail building on a 0.568-acre parcel situated within a dense downtown business corridor. The Property offers excellent visibility, convenient access, and ample surface parking for both tenants and visitors. Located at the signalized intersection of W Cumberland Avenue and 18th Street, it benefits from traffic counts of 14,324 vehicles per day. The Property benefits from strong demand generators and is surrounded by many residential neighborhoods, as well as numerous national credit tenants including Walmart, Kroger, Hibbett Sports, McDonald’s, Cracker Barrel, Wendy’s, Taco Bell, Belk, Dollar Tree, Dollar General, Save a Lot, NAPA, Auto Zone, Ace Hardware, Big Lots, and many others.
Middlesboro, Kentucky is located in Bell County near the Cumberland Gap and approximately 60 miles north of Knoxville, Tennessee. Despite its modest size, Middlesboro serves as a regional hub for commerce, healthcare, and retail in southeastern Kentucky and parts of eastern Tennessee. Situated along U.S. Route 25E, Middlesboro offers direct access to Interstate 75 to the north and Interstate 81 to the south, facilitating transportation and logistics. The area is characterized by compelling demographics, with a 2024 population of approximately 28,130 people and an average annual household income of approximately $49,914 within a 10-mile radius.
INFORMATIONS SUR L’IMMEUBLE
Type de vente
Investissement
Type de bien
Local commercial
Sous-type de bien
Surface de l’immeuble
1 118 m²
Classe d’immeuble
C
Année de construction
1931
Prix
30 285 €
Prix par m²
27,10 €
Pourcentage loué
87 %
Occupation
Multi
Hauteur de l’immeuble
1 Étage
Coefficient d’occupation des sols de l’immeuble
0,48
Surface du lot
0,23 ha
Zone de développement économique [USA]
Oui
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PRINCIPAUX COMMERCES À PROXIMITÉ
TAXES FONCIÈRES
| Numéro de parcelle | 082-20-00-200.00 | Évaluation des aménagements | 0 € |
| Évaluation du terrain | 164 407 € | Évaluation totale | 164 407 € |
TAXES FONCIÈRES
Numéro de parcelle
082-20-00-200.00
Évaluation du terrain
164 407 €
Évaluation des aménagements
0 €
Évaluation totale
164 407 €
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Auction | Middlesboro Center | 87% Occ. | 1801-1805 Cumberland Ave
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