Saturday, August 13, 2005
Businesses eyeing Campbell Lane land
This is from the daily news. Since they have changed their website it is impossible to send a day old link so I cut and paste it here. (They could not have screwed up the online version anymore than they have. Sure it looks nice but it's impossible to share news via links. [end of rant]) http://www.bgdailynews.com/
Businesses eyeing Campbell Lane land
By RACHEL ADAMS, The Daily News, radams@bg daily news. com/783-3256 Friday, August 12, 2005 10:06 PM CDT
Three businesses are eyeing parcels of land along Campbell Lane that are owned by the Western Kentucky University Foundation, board members learned during their Friday meeting.
A furniture store and two banks are interested in the land, which is in the same plaza as Big Lots, Jent's and the Dollar Store, said Kenny Nealy, owner of Investors Realty & Management Co. Inc. The available parcels abut Campbell Lane.
Nealy didn't name any of the businesses, but did say the furniture store would likely buy both parcels, while the banks would ground lease one parcel each. Ground leasing is preferable, because it provides a constant flow of money, he said.
The problem with those locations is that they are both below street level, Nealy said. Anyone driving by would only be able to see the top of a one-story building, which doesn't provide businesses with the visibility they desire.
While the land hasn't sold yet, that area is becoming more desirable, Nealy added. More businesses continue to spring up, which increases traffic. The proposed widening of Nashville Road next year should help even more, he said.
This is interesting to me because I never really felt that was a great area. Talking with a friend of mine who owns a business in that area I learned that even the lease rates were pretty low when compared to other high traffic areas.
Composite image from maps.google.com
In my short time in Bowling Green I have seen that area loose stores and become run down and more recently add whole malls and business returning. With the road widening, perhaps it is a good place to consider.
