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Property profile & analytics
OFF-MARKET Estimated value $1,250,000
Commercial real estate

1037 Fortune Dr Richmond, KY 40475-9829

41.56 ac lot
Entity Owned 4-yr Hold Free & Clear
Property ID
US34-0781001
Property summary
AI-generated overview

This exceptional 41.56-acre industrial site presents a rare opportunity for immediate development. Strategically located in Richmond, Kentucky's established Madison County industrial park, this property boasts unparalleled access to Interstate 75, less than four miles from Exit 83. The site is truly "shovel ready," featuring two pre-engineered pads totaling 608,000 square feet (406,500 sq ft and 201,500 sq ft). This eliminates extensive site preparation, saving significant time and costs. The I-2 Heavy Industrial zoning permits a wide range of manufacturing uses. Existing infrastructure includes readily available power and utilities, along with rail access and a private drive at the end of Fortune Drive. This location offers significant advantages for businesses seeking efficient logistics and a strong industrial presence in Central Kentucky. The property's size and preparation make it ideal for large-scale industrial projects, offering a substantial return on investment. This is a unique opportunity to acquire a fully prepared site ready for immediate construction in a thriving industrial area. The asking price is $1,995,000.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 41.56 ac (1,810,354 SF)
APN 0070-0000-0005-G
UPID US34-0781001
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.25M
Owner & transaction history
Ttm USA Realty INC · 4 yrs held
Ttm USA Realty INC
since 2021
Last sale
$1.3M
3 recorded transactions
2024
Price N/A
2021
$1.3M
2019
$1.3M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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