Intermodal Land Site

53rd Street & Winchester Ave Ashland, KY 41101

 53rd Street & Winchester Ave, Ashland, KY, 41101
 53rd Street & Winchester Ave, Ashland, KY, 41101
FOR SALE
Property Type:
Other Land
Amount:
$3,900,000
Last Verified:
Jul 19, 2024

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Highlights

  • +/-26 AC of industrial development land
  • Rare opportunity to obtain a unique piece of property with a Heavy Industry Classification within the city limits
  • Situated on Winchester Avenue from 53rd Street in Ashland continuing on Center Street to 11th Avenue in Catlettsburg
  • Ohio River frontage with three river cells for tying barges alongside the shore
  • Previously obtained site permits: KY Dept. of Natural Resources (DNR) surface permit, KY Division of Water (KYGE) permit, US Corps of Engineers waterways and tie-up permit
  • Access to all city utilities and is within 5 miles of an electrical substation
  • A portion of the 26 AC site previously operated as a coal dock for 15 years
  • Rail spur/turnout possible
  • +/-15,817 VPD in front of the site
  • Sale Price: $7,000,000 REDUCED TO $3,900,000

Description

NAI Isaac is pleased to present +/-26 AC of industrial development land in Ashland and Catlettsburg, Kentucky. Rare opportunity to obtain a unique piece of property with a Heavy Industry Classification within the city limits. The property is situated on Winchester Avenue from 53rd Street in Ashland continuing on Center Street to 11th Avenue in Catlettsburg.

The property is situated on Winchester Avenue from 53rd Street in Ashland, Kentucky continuing on Center Street to 11th Avenue in Catlettsburg, KY. Ashland is part of the "metro triangle" that includes Ironton, OH and Huntington, WV. The city currently encompasses 17.02 square miles and is eastern Kentucky's largest urban area, as well as a center for health care, commerce, banking, and recreational activities.

Lot Size: 26.0 acres


Documents

Ashland-Intermodal Land Site

Map of 53rd Street & Winchester Ave, Ashland, KY, 41101

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.