Hazard Plaza

For Sale

110-124 Corporate Drive, Hazard, KY 41701

This Hazard property for sale is located at 110-124 Corporate Drive. The current listed sale price for Hazard Plaza is $3,100,000. Hazard Plaza is situated on a lot that is 2.34 acre in size.

Contacts

broker

Josh Miller

Friedman Real Estate

(248) 324-2000

Property Details

  • Property Type Retail - Strip
  • Property Size 29,000 SF
  • Lot Size 2.34 Acre
  • Property Tenancy Multi-Tenant
  • Date Updated Apr 19, 2024
110-124 Corporate Drive±29,000 SF multi-building retail complex along KY-80, Kentucky’s longest highway that stretches from the Mississippi River to the Virginia border Located in the regions retail corridor, neighboring businesses include Lowe’s Home Improvement, Walmart, Holiday Inn Suites, and various automotive dealerships; providing ample consumer traffic Currently fully occupied, the property boasts a strong historical occupancy showcasing the properties viability and market demand Value-add component through rent adjustments to market rates and converting gross leases to NNN New roofs installed on buildings 110 & 124 last year; Transferrable roof warranties NOI ±$247,000 at ±100% occupancy

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Highlights

  • ±29,000 SF multi-building retail complex along KY-80, Kentucky’s longest highway that stretches from the Mississippi River to the Virginia border
  • Located in the regions retail corridor, neighboring businesses include Lowe’s Home Improvement, Walmart, Holiday Inn Suites, and various automotive dealerships; providing ample consumer traffic
  • Currently fully occupied, the property boasts a strong historical occupancy showcasing the properties viability and market demand
  • Value-add component through rent adjustments to market rates and converting gross leases to NNN
  • New roofs installed on buildings 110 & 124 last year; Transferrable roof warranties
  • NOI ±$247,000 at ±100% occupancy

Attachments

Getting around

  • 38/100

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  • 11/100

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Location

  • City Hazard, KY
  • Zip Code 41701

Points of Interest

  • Shell

    0.87 miles

  • Marathon

    0.93 miles

  • Valero

    1.88 miles

  • Exxon

    1.94 miles

  • Shell

    3.61 miles

  • Parking Garage

    3.23 miles

  • McDonald's

    0.54 miles

  • La Pena

    0.91 miles

  • Applebee's

    0.98 miles

  • Taco Bell

    1.01 miles

  • Captain D's

    1.05 miles

  • Little Caesars

    1.12 miles

  • KFC

    2.44 miles

  • McDonald's

    2.45 miles

  • Dairy Queen

    2.91 miles

  • Taco Bell

    2.97 miles

  • Walmart Supercenter

    0.39 miles

  • Save-A-Lot

    0.55 miles

  • Food City

    1.04 miles

  • Save-A-Lot

    2.53 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Josh Miller

Friedman Real Estate

(248) 324-2000