Light Industrial Development
For Sale
$922,000
305 Kentucky Ave, Versailles, KY 40383
Large I1 light industrial lot with substantial road frontage, offering flexibility for multi-lot development and residential redevelopment scenarios.
Property SizeContact for details
Days on Market1481
Property Features for 305 Kentucky Ave
General Information
Standard status
Active
Property subtype
Land
Zoning
I1
Additional Details
Road Access
Yes
Listing Agency:
Haroldz, Inc.
(859) 338-8712
Listed By:
Harold Steele · License #178144
(859) 338-8712
Source:
Exprealty
Added: Aug 4, 2022
Changed: Aug 21
Last Checked: Aug 14 at 7:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Haroldz, Inc.
Investment Insights
Based on property information with market context.
This property is a large development parcel with significant road frontage, zoned I1 for light industrial uses. The lot is sized for multi-lot development and can support additional development concepts, depending on the final site plan and approvals.
The offering includes an outlook for residential redevelopment as well. Public remarks indicate the lot is large enough for 35 townhomes under an R3 zone change, or 69 units under an R4 zone change.
Located at 305 Kentucky Ave in Versailles, KY, the site’s frontage and zoning provide a foundation for both light industrial development and potential residential redevelopment subject to the appropriate zoning changes.
The offering includes an outlook for residential redevelopment as well. Public remarks indicate the lot is large enough for 35 townhomes under an R3 zone change, or 69 units under an R4 zone change.
Located at 305 Kentucky Ave in Versailles, KY, the site’s frontage and zoning provide a foundation for both light industrial development and potential residential redevelopment subject to the appropriate zoning changes.
Key Highlights
- Large lot zoned I1 (light industrial) with substantial road frontage
- Zoning supports multi‑use flexibility for different development uses
- Large enough for development for several lots
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
Explore this area
Business Placement
Demographics for 40383, KY
24,592
Population
10,431
Households
2.4
Avg Household Size
43
Median Age
42%
College-Educated
91%
High-School Grad
150.4 sq mi
ZIP Area
164
Density / Sq Mi
$80,444
Median Household Income
$42,365
Median Earnings
$998
Median Rent
$279,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial land - Large I1 light industrial lot with substantial road frontage, offering flexibility for multi-lot development and residential redevelopment scenarios.
Where is this industrial land located?
The property is located at 305 Kentucky Ave Versailles, KY.
What is the asking price?
The asking price for this property is $922,000.
What are key features of this property?
This property features: Large lot zoned I1 (light industrial) with substantial road frontage; Zoning supports multi‑use flexibility for different development uses; Large enough for development for several lots
