I-75 Exit 95 / Boonesborough Rd, Unit Development Land Richmond, KY 40475

Located in Northern Madison County, Kentucky, near Richmond, this development opportunity offers up to 12 acres of land for purchase or lease. The parcels north of Boonesborough Road have access to Simpson Lane and a traffic-lighted corner at Boonesborough Road. The south parcels have access to Boonesborough Road and a traffic-lighted intersection at Colonel Road. The property was divided by a road relocation plan for Colonel Road and Simpson Lane a couple of years ago when I-75 Exit 95 was renovated with a 4-6 lane bridge, new traffic lights, and exit-entrance ramp access. One parcel south of Boonesborough Road includes a rental home and a small commercial storage unit. Zoned UC 4 IC (Urban Corridor, Interstate Commercial), the property allows for uses such as professional offices, motels, gas stations, and some light industrial applications. Richmond, situated south of Lexington on the I-75 corridor, is experiencing rapid growth due to factors like easy interstate access, proximity to Lexington, lower housing costs, a strong employment base, a regional university, and cultural and educational opportunities. Richmond is the home of Eastern Kentucky University with approximately 17,000 students.