000 Foster Ln Stanford, KY 40484
This exceptional 48.2-acre property in Stanford, Kentucky presents a unique opportunity for a developer. The land is envisioned as a gated 55+ community, with detailed plans available for review. The property includes designated commercial lots (Lots 1, 75, 77, and 78), multifamily and duplex lots (Lots 2-16 and 58-74), and numerous residential lots. Two key parcels are particularly noteworthy: Parcel A encompasses 5.453 acres suitable for commercial storage or multifamily housing, while Parcel B offers 1.943 acres for similar development. Significant infrastructure is already in place, including gas, electric, and sewer lines, as detailed in the provided plat. This comprehensive plan streamlines the development process, minimizing upfront costs and accelerating project timelines. The property's strategic location in Stanford, KY, offers access to key amenities and transportation routes. Note that Lot 79 is excluded from this sale. This is a turnkey opportunity to realize the vision of a thriving, gated 55+ community. The asking price is $839,000. Detailed plat maps are available upon request, providing comprehensive information on lot sizes, zoning, and utility access. This is an exceptional investment opportunity for developers seeking a high-potential project with significant infrastructure already in place.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.