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$485,000

506 E Laurel Road London, KY  40741

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Property Description for 506 E Laurel Road London, KY 40741

Large Multipurpose COMMERCIAL BUSINESS Property in CIty Limits! This property is currently being used as an Automotive Sales / Powersports dealership & eBay Store. It is conveniently located 2 tenths of a mile from Ky. Hwy 192 on Hwy East 80 in London. The interior of the building is over 10,300 SF and features electric A/C, gas heat, and city sewer. There is a complete monitored security system in place and the property is handicapped / wheelchair accessible. Additionally, there is a large loading dock, a 50' x 6.5' sidewalk, 2 bathrooms, and a kitchen area. The building sits on .96 Acre of land. The floorplan includes: 1. Front Showroom 3610 SF 2. Right Front Showroom 2400 SF 3. Left Front Garage with a 10'x12' Garage Door 1824 SF 4. Front Shop with Loading Ramp 442 SF 5. Rear Shop with a 10' x 8' sliding door 1020 SF 6. Rear Right Shop/Garage with 12' x 10' Sliding Doors 900 SF 7. Left Rear Shop 485 SF There is over $400,000 worth of NOS Automotive & Tractor Parts for sale at a heavily discounted price for the buyer. Additionally, other automotive equipment is also available for sale.

Address:506 E Laurel Road London KY 40741
Status:Active
on site: 240 days
Price:$485,000
Bathrooms:0
Year Built:1980
Lot Size:0.96
County: Laurel
MLS #:24007060

Lot Dimensions:41818
Utility Options:0, 1, 2, 3, 4, 5, 6, 7, 8
Building Utilities:Telephone
Directions:From London travel 192 east toward Hal Rogers Parkway, turn right on East 80, go app 0.5 miand look for sign on left. (Just before the car wash)
Abv. Grnd. Sq. Ft. :10,300

Loan Price
$2,732
Price And Interest $2,530/month
Property Tax $0/month
MTG INS $0/month
HOME INS $202/month
Price
$485,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$0/month
Home Owner Insurance
$2,424 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

Mandatory HOA Fee:$

Area: 044 - Laurel County
City:London
Subdivision: Rural
Zip Code:40741

Exterior Type:Other, Block
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

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Listing provided courtesy of Winston Smith and Debbie Williams with Sallie Davidson, Realtors

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company include the name of the listing IDX broker. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.





London, KY Market Report

95
Avg. DOM
$333.33
Avg. $ / Sq.Ft.
$ 299,000
Med. List Price

The house prices in London are not dropping at the moment. There has been a increase in price of $9,796.67. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in London are going Up. The average house price is $299,450.00 and the average price per square feet is $333.33 per square feet. At the moment, the amount of homes listed is exactly 327 houses, with 108 with active status, 37 with pending status and 182 sold in London .

The most popular place to buy a home in London is 044 - Laurel County. 044 - Laurel County is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in London .

The average amount of property taxes you would have to pay for a home in London is $0.00. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in London are staying listed for an average of 93 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in London was 2328 minutes ago.

At the moment we have 6 open houses that you can visit.

The cost of the most expensive home in London is $1,850,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in London is $85,000.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in London in year 1913 and the newest built house is in year 9999.

The average size of properties in London is 2.78 sq.ft. , the biggest one being 300 sq.ft. and the smaller being 0 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.