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

    408 Farris Park Blvd Richmond, KY 40475

    For Sale
    $300,000

    Build-Ready Lot, High Visibility

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional 0.99-acre commercial lot presents a remarkable opportunity for development in Richmond, KY. Located at 408 Farris Parks Boulevard, this property boasts an impressive 225 feet of road frontage, ensuring high visibility and accessibility for any future business. The lot is zoned B-3, offering a wide range of potential uses. Its flat terrain eliminates the need for extensive and costly site preparation, significantly reducing development time and expenses. The existing sidewalk further enhances the property's appeal and practicality. Situated in a rapidly expanding area near the Robert R Martin Bypass, this location offers unparalleled convenience and exposure to a large customer base. The property is ready for immediate construction, making it an ideal choice for businesses seeking a prime location with minimal upfront investment in land preparation. This is a rare opportunity to acquire a build-ready commercial lot in a high-growth area, offering significant potential for return on investment. The asking price of $300,000 reflects the exceptional value and potential of this property. Don't miss out on this chance to secure a strategic location for your business venture. Contact us today to schedule a viewing.

    Property Features for 408 Farris Park Blvd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    43,124 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Richmond
    County
    Madison
    State
    Kentucky
    Longitude
    -84.26689
    Latitude
    37.75785

    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
    • $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
    • $385,000
      1,784 SF

      Richmond Commercial Opportunity Near Downtown

      Former bar near downtown Richmond with commercial potential and expansion.
      525 E Irvine St, Richmond, KY 40475
      View Details
    • Contact for pricing
      0.64 Acres

      Richmond Commercial Opportunity For Sale

      Former bar near downtown Richmond with commercial potential.
      Richmond, KY 40475
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Build-Ready Lot, High Visibility
    Where is this commercial real estate located?
    The property is located at 408 Farris Park Blvd Richmond, KY.
    What is the asking price?
    The asking price for this property is $300,000.
    (859) 296-1525
    Request Owner's contact information
    408 Farris Park Blvd 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.
    408 Farris Park Blvd
    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
    408 Farris Park Blvd 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.