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Vacant-User

$1 Auction | Former Pizza Hut – Kentucky

1442 Combs Rd, Hazard, KY 41701

Listing Price: $1

Gross SF
3,153
Rentable SF
3,153
Lot Size
0.70 acres
Year Built
1984

Investment Overview

Register to Bid and Access Due Diligence Documents on RI Marketplace Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing, retail building located at 1442 Combs Road, Hazard, KY (the “Property”). The Property is offered significantly below replacement cost and offers an exceptional owner/user or investment opportunity with significant value enhancement potential at a significant discount. The Property is comprised of a one-story, free-standing building totaling ±3,153 square feet. Positioned on ±0.70 acres of land, the Property offers abundant parking with 24 surface spaces and access to the site is provided via one large ingress/egress curb cut located along Comb Road. The Property was formerly occupied by Pizza Hut on a triple net lease and offers potential investors the ability to acquire a free-standing retail building with significant value add through long term lease up, adaptive reuse, or repositioning. Built in the 1980s, the Property offers favorable flexible zoning allowing for a variety of uses. The Property is located in the City of Hazard in Perry County, Kentucky. Hazard serves as the center for education, communication and healthcare for the area and surrounding counties. This former Pizza Hut is positioned as an outparcel to a highly trafficked Save-A-Lot anchored center and the neighborhood is developed with residential development, retail sites, offices, and hospitality assets. The Property offers easy access and excellent visibility with frontage on Combs Road, one of the primary traffic carriers for the area with ±6,653 vehicles passing the site daily. The Property offers convenient access to the greater area and is ideally positioned just minutes from Hwy-80 (±1-mile). The Property is positioned within a half mile of Galen College of Nursing and Perry County Central High School and is located near other area demand drivers including Neace Gorman Park, Appalachian Regional Healthcare, Kentucky Community Technical College System, Veterans Administration, Bobby Davis Memorial Park and Museum, Challenger Learning Center, Fugate Entertainment Center, and Daniel Boone National Forest. The Property serves an expanded 10-mile trade area with ±30,255 individuals with an AHHI of ±$55,369.

Investment Highlights

  • Freestanding Former Pizza Hut Restaurant Available at a Significant Discount Below Replacement Cost
  • Outparcel to Save-A-Lot Anchored Center
  • Suitable for a Variety of General Commercial Uses
  • Steady Traffic and Excellent Visibility along Combs Rd with ±6,653 VPD

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KY: 242197

    Kentucky

Vacant-User

$1 Auction | Former Pizza Hut – Kentucky

Listing Price: $1

Gross SF
3,153
Rentable SF
3,153
Lot Size
0.70 acres
Year Built
1984

Investment Highlights

  • Freestanding Former Pizza Hut Restaurant Available at a Significant Discount Below Replacement Cost
  • Outparcel to Save-A-Lot Anchored Center
  • Suitable for a Variety of General Commercial Uses
  • Steady Traffic and Excellent Visibility along Combs Rd with ±6,653 VPD

Investment Overview

Register to Bid and Access Due Diligence Documents on RI Marketplace Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing, retail building located at 1442 Combs Road, Hazard, KY (the “Property”). The Property is offered significantly below replacement cost and offers an exceptional owner/user or investment opportunity with significant value enhancement potential at a significant discount. The Property is comprised of a one-story, free-standing building totaling ±3,153 square feet. Positioned on ±0.70 acres of land, the Property offers abundant parking with 24 surface spaces and access to the site is provided via one large ingress/egress curb cut located along Comb Road. The Property was formerly occupied by Pizza Hut on a triple net lease and offers potential investors the ability to acquire a free-standing retail building with significant value add through long term lease up, adaptive reuse, or repositioning. Built in the 1980s, the Property offers favorable flexible zoning allowing for a variety of uses. The Property is located in the City of Hazard in Perry County, Kentucky. Hazard serves as the center for education, communication and healthcare for the area and surrounding counties. This former Pizza Hut is positioned as an outparcel to a highly trafficked Save-A-Lot anchored center and the neighborhood is developed with residential development, retail sites, offices, and hospitality assets. The Property offers easy access and excellent visibility with frontage on Combs Road, one of the primary traffic carriers for the area with ±6,653 vehicles passing the site daily. The Property offers convenient access to the greater area and is ideally positioned just minutes from Hwy-80 (±1-mile). The Property is positioned within a half mile of Galen College of Nursing and Perry County Central High School and is located near other area demand drivers including Neace Gorman Park, Appalachian Regional Healthcare, Kentucky Community Technical College System, Veterans Administration, Bobby Davis Memorial Park and Museum, Challenger Learning Center, Fugate Entertainment Center, and Daniel Boone National Forest. The Property serves an expanded 10-mile trade area with ±30,255 individuals with an AHHI of ±$55,369.

Exclusively Listed By

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KY: 242197

    Kentucky

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