Listing Agency: Haroldz, Inc.

Listed By: Harold Steele · License #178144 Show Phone

Source: Horseandhomeestates

Added: Dec 19, 2025 Changed: Oct 26 Last Checked: Oct 26 at 3:47PM

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Investment Insights

Based on property information with market context.

Located at 305 Kentucky Avenue in Versailles, this industrial land parcel is zoned I1 for light industrial use. The property is described as large enough for subdivision into several lots.

Residential development scenarios are contingent on a zoning change: the stated alternatives are 35 townhomes under R3 zoning or 69 units under R4 zoning.

Key Highlights

• I1 light industrial zoning
• Described as large enough to divide into several lots
• A stated R3 rezoning scenario allows for 35 townhomes

Property Analytics

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Open Analytics

Suggested Use

Top Pick Restaurant Auto Repair Shop Real Estate Agency Building Supply Big Box & Wholesale Store Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Industrial land - The parcel carries I1 light industrial zoning, with residential rezoning scenarios also described.

Where is this industrial land located?

The property is located at 305 kENTUCKY Avenue 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: I1 light industrial zoning; Described as large enough to divide into several lots; A stated R3 rezoning scenario allows for 35 townhomes