Freestanding Building

114 W Russell St Elkhorn City, KY 41522

114 W Russell St, Elkhorn City, KY, 41522
114 W Russell St, Elkhorn City, KY, 41522
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$175,000
Last Verified:
Dec 10, 2024

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Highlights

  • +/-2,400 SF former bank building on +/-.5 AC
  • +/-500' of frontage
  • 21 parking spaces
  • Great downtown location with on-site parking and drive-thru ATM
  • Potential uses include local restaurant, retail or law office
  • Located in proximity to Breaks Interstate Park
  • Sale Price: $175,000

Description

NAI Isaac is pleased to present +/-2,400 SF former bank for sale in Elkhorn City, Kentucky. The city is located in proximity to the Breaks Interstate Park.

Elkhorn City is located in southern Pike County adjacent to the Kentucky/Virginia border along the banks of the Russell Fork of the Big Sandy River. Long known as the Gateway to the Breaks, the community has garnered a national reputation as an adventure and cultural tourism hotspot.

Pike County is the easternmost county in Kentucky and is bounded by Martin County to the North, West Virginia to the Northeast and East, Virginia to the Southeast and South, by Letcher County to the Southwest and by Floyd County to the West. Pike County is drained exclusively by the two forks of the Big Sandy River the Levisa River and the Tug Fork River.

Building Size: 2400sq ft
Building Class: C
Lot Size: 0.5 acres


Documents

114 W Russell St, Elkhorn City

Map of 114 W Russell St, Elkhorn City, KY, 41522

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.