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    3 Highway 90 Byp Monticello, KY 42633

    For Sale
    $587,482

    Prime 21-acre residential development site.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    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 Features for 3 Highway 90 Byp

    General Information

    Property type
    Other commercial real estate
    Lot Size
    930,442 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Building Supply Dental Office Hair Salon Wholesale Shop Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monticello
    County
    Wayne
    State
    Kentucky
    Longitude
    -84.86653
    Latitude
    36.84374

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    FAQs

    What type of property is this?
    Commercial real estate - Prime 21-acre residential development site.
    Where is this commercial real estate located?
    The property is located at 3 Highway 90 Byp Monticello, KY.
    What is the asking price?
    The asking price for this property is $587,482.
    (606) 348-0140
    Request Owner's contact information
    3 Highway 90 Byp Monticello, KY 42633
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    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
    3 Highway 90 Byp Monticello, KY 42633
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