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Property profile & analytics
OFF-MARKET
Commercial real estate

3 Highway 90 Byp Monticello, KY 42633

21.36 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 21.36-acre parcel presents a unique opportunity for high-quality residential development in Monticello, Kentucky. Strategically located off Highway 90 Bypass, this property boasts convenient access and high visibility. A significant advantage is its 1,556-foot shared border with the prestigious Monticello Country Club, offering residents unparalleled views and proximity to recreational amenities. The expansive acreage allows for a variety of development options, catering to diverse housing needs. Existing infrastructure is in place, with readily available city water and electricity, simplifying the development process and reducing initial costs. The single entrance from Highway 90 Bypass ensures controlled access and enhances the overall appeal of the community. This property represents a rare chance to create a premier residential enclave in a desirable location, capitalizing on the natural beauty and established prestige of the surrounding area. The substantial lot size and prime location make this an exceptional investment for developers seeking to create a high-end residential community. Serious inquiries are encouraged to explore the full potential of this remarkable development opportunity. The asking price is $587,482.

Property profile
Verified
Property type Commercial real estate
Lot 21.36 ac (930,442 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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