Russell Springs Retail Development Land

2489 Lakeway Drive Russell Springs, KY 42642

2489 Lakeway Drive, Russell Springs, KY, 42642
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FOR SALE FOR LEASE
Property Type:
Other Land
Amount:
$600,000
Last Verified:
Jul 26, 2024

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Highlights


Description

SVN Stone Commercial Real Estate is pleased to bring to market 1.1 acres of retail development land available in the Key Village Shopping Center in Russell Springs, KY. 2489 Lakeway Drive utilizes great frontage at the US 127 and Lakeway Drive split. The former Sonic boasts excellent visibility for over 11,000 vehicles per day. The flexible C-1 zoning (highway-oriented commercial) allows for numerous types of retail, wholesale, and service-oriented businesses. This is a strong opportunity to revitalize the building or redevelop it. Join the notable list of retailers in this corridor, such as Kroger, McDonalds (522/12,323 nationwide according to PlacerAI), Advance Auto Parts (1,193/3,658), Dairy Queen (330/3,831), and more! This outlot is FOR SALE as well as FOR LEASE.

For more information, contact Weston Lockhart at 859.317.3538 // weston.lockhart@svn.com or Harrison Lane at 859.537.1051 // harrison.lane@svn.com.

SVN Stone Commercial Real Estate is pleased to bring to market 1.1 acres of retail development land available in the Key Village Shopping Center in Russell Springs, KY. 2489 Lakeway Drive utilizes great frontage at the US 127 and Lakeway Drive split. The former Sonic boasts excellent visibility for over 11,000 vehicles per day. The flexible C-1 zoning (Highway Oriented Commercial) allows for numerous types of retail, wholesale, and service oriented businesses. This is a strong opportunity to revitalize the building or redevelopment. Join the notable list of retailers in this corridor such as Kroger, McDonalds (522/12,323 nationwide according to PlacerAI), Advance Auto Parts (1,193/3,658), Dairy Queen (330/3,081), and more! This outlot is available FOR LEASE and FOR SALE.

For more information contact Weston Lockhart at 859.317.3538 // weston.lockhart@svn.com or Harrison Lane at 859.537.1051.

Welcome to Russell Springs, Kentucky - a hidden gem of a location for retailers seeking a prime location to set up shop. Russell Springs offers the perfect blend of small-town charm and modern amenities, making it an ideal location for an expanding retailer. Situated in close proximity to the beautiful shores of Lake Cumberland, Russell Springs boasts a beautiful natural setting. The area is home to a diverse range of residents and visitors, providing a rich customer base for retailers to cater to. With a steady stream of tourists visiting the area throughout the year, there's plenty of opportunity to attract new customers.

Lot Size: 1.1 acres


Documents

Aerial - 2489 Lakeway Drive
Brochure - 2489 Lakeway Drive .pdf

Units for Lease

2489 Lakeway Drive - Lot 4
Space Available: 47959 SF
Lease Type:

Map of 2489 Lakeway Drive, Russell Springs, KY, 42642

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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.