Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2924 Lancaster Rd, Unit unit Tract 1-C1 Richmond, KY 40475

    For Sale
    $119,500

    LAND - Richmond, KY

    Lot size:
    2.00 Acres
    Days on Market:
    33
    Last Refresh:
    Dec 14 at 3:06 am

    Property Features for 2924 Lancaster Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    AR
    APN
    0045-0000-0016-e
    Lot size
    2.00 Acres

    Keller Williams Bluegrass Realty (859) 260-1444 [email protected]

    Listing agent Betty Anne White (859) 260-1444

    Listing date Nov 12, 2025

    MLS# 25505982 Listing URL

    Copyright © 2025 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land with Mountain Views

    Located off Lancaster Road in the Silver Creek Farm development, this property, identified as Tract 1C-2, features a gently rolling landscape with mountain views. The site spans 2 acres and is suitable for a custom home, weekend retreat, or long-term investment. Utilities, including water and electric, are accessible at the road. The property has been approved for a conventional septic system, according to a Madison County Perc Test conducted in April 2024 for Lots 1 through 4. The location offers both privacy and convenience, with proximity to I-75 and the cities of Richmond and Berea.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Richmond
    County
    Madison
    State
    Kentucky
    Longitude
    -84.361584
    Latitude
    37.661778

    Nearby Similar for Sale

    • $589,000
      4,940 SF

      Duplex and Triplex Investment Opportunity

      Duplex and Triplex with updated units and separate meters.
      413 Moberly Ave, Richmond, KY 40475
      View Details
    • $4,400,000
      2.17 Acres

      Profitable Restaurant Investment Opportunity

      Turnkey restaurant in high-traffic location near EKU.
      240 Eastern Pass, Richmond, KY 40475
      View Details
    • $299,000
      Pending

      Richmond Commercial Property with Updates

      Updated commercial property featuring spacious rooms and park-like backyard.
      454 Big Hill Ave, Richmond, KY 40475
      View Details
    • $875,000
      5,100 SF

      Converted Warehouse with Income Potential

      Unique mixed-use property in downtown Richmond with residential and commercial spaces.
      105 E St, Richmond, KY 40475
      View Details
    • $315,000
      1,231 SF

      Richmond Commercial Property with Workshop

      Richmond property featuring a house and office/workshop space.
      314 N 2Nd St, Richmond, KY 40475
      View Details
    • $359,900
      2,800 SF

      Richmond Kentucky Multifamily Investment Property

      Well-kept fourplex near Eastern Kentucky University with income potential.
      228 Magnolia Dr, Richmond, KY 40475
      View Details

    FAQs

    What type of property is this?
    Land - Two-acre lot near I-75, ideal for custom home.
    Where is this land located?
    The property is located at 2924 Lancaster Rd, Unit unit Tract 1-C1 Richmond, KY.
    What is the asking price?
    The asking price for this property is $119,500.
    What are key features of this property?
    This property features: - Panoramic mountain views offer scenic beauty and enhanced property value.; - Approved for a conventional septic system simplifies building process.; - Utilities available at the road, reducing initial development costs.
    (859) 260-1444
    Request Owner's contact information
    2924 Lancaster Rd, Unit unit Tract 1-C1 Richmond, KY 40475
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2924 Lancaster Rd, Unit unit Tract 1-C1
    Richmond, KY 40475
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2924 Lancaster Rd, Unit unit Tract 1-C1 Richmond, KY 40475
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.