Bankruptcy Auction! Prime Highway Development – 54+ Ac. No Zoning. No Limits – Bid Your PriceCorbin, KY

Property facts

Size

54 acres

Zoning

unzoned

Development opportunity

residential

Topography

flat

Access

paved road

Road frontage

0 ft

About this property

Bankruptcy Auction! Prime Highway Development – 54+ Ac. No Zoning. No Limits – Bid Your Price An extraordinary commercial development opportunity is now available via online auction along US Highway 25E in Corbin, Knox County, Kentucky. This 54.25± acre dual road frontage on two major corridors — approximately 1,500 linear feet on US Highway 25E and 1,600 linear feet on KY 1232 delivering unmatched visibility, accessibility, and development flexibility rarely found in southeastern Kentucky. The property has been fully cleared, graded, leveled, vibratory compacted, and is shovel-ready for immediate development, with all major utilities already on site. Previously Listed for over $10M – Bid Your Price!! Prime Development: 54.25± Acres – Located on U.S. 25 with Premier Visibility – Utilities On-Site – Flexible Development Plan & Multiple Road Ingress/Egress – Online Auction Sale! Electric: Three-Phase Electricity available and on site Gas: High-Pressure Natural Gas lines readily available on US 25E Sewer: The Property is now Serviced by a New Municipal Sewer Connection (a $1.4 million Upgrade) Access: Active Commercial Entrances from US 25E . Additionally, the Seller has received Permit Approval for an additional 55-foot wide ingress/egress entrance directly from US 25E — a four-lane divided highway with two dedicated turn lanes. This permit approval is fully transferrable to the new owner, providing immediate flexibility to configure access points to suit the buyer's specific development plan without delay or additional permitting cost. Zoning & Incentives: No Zoning Restrictions (currently located in Knox County – eligible for Annexation by City of Corbin); a variety of tax incentives and allowances are available for qualifying buyers and end users Flexible Development Plan: A proposed Plat has been prepared dividing the 51.78± acres into 22 individual tracts, ranging from 0.50 acres to 15.00 acres, served by a network of internal 40-foot wide roadways. Design Your Final Development Plan that Suits Your Needs! Highway Frontage Tracts (Tracts 1–4A): 0.50 to 1.00+ acre pad sites with direct US 25E frontage, ideal for retail, restaurants, banking, fuel/convenience, or service commercial users Large Interior Tracts (Tracts 9–13): 3.75 to 15.00 acres — Tract 9 alone can encompass 15.00 acres and can be further subdivided into four parcels, offering flexibility for big-box retail, logistics, warehousing, or light industrial users Perimeter Tracts (Tracts 5–8, 14–23): 1.00 to 3.11 acres with useable acreage clearly identified, suited for mixed-use, multi-family, hospitality, or commercial pad site development The internal road network provides full access to all tracts. The property will be sold through the auction in its entirety – Buyer can Design final Subdivision as Desired for Specific Use! A well-known company purchased and developed the 1.48± acre tract on the northwest corner of the property, providing an established brand presence that will be highly attractive to developers and investors considering the future development of the entire site. Sold Free & Clear Per Bankruptcy Court Order, No Back Taxes, No Liens, Title Insurance Available! Online Bidding Ends Nov. 19th at 3:00PM ET 10% Buyer's Premium and other terms apply.