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    Long Ridge Ln Owenton, KY 40359

    Sponsored
    For Sale
    $37,500

    2.15-acre commercial lot in quiet KY subdivision.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2.15-acre commercial lot, located at 0 Lot# 38 Long Ridge Lane in Owenton, Kentucky, presents a unique investment opportunity. Situated within the peaceful Long Ridge Estates subdivision in Owen County (zip code 40359), this property offers a blend of tranquility and accessibility. The lot boasts a rolling slope and is largely cleared, simplifying development. While zoned residential, its commercial subtype designation opens possibilities for various uses. The subdivision is designed to prioritize privacy and protection, featuring lots ranging from one to three acres with substantial road frontage (200+ feet). Many lots are configured for walkout basements, potentially reducing construction costs. Underground utilities are in place, with electricity and water readily available. Natural gas is not currently available. Reasonable restrictions are in place to maintain property values within the community. The asking price for this prime commercial lot is $37,500. The corporate ownership ensures a streamlined transaction process. This property's combination of size, location, and potential makes it an attractive investment for discerning buyers. The APN is 00.

    Property Features for 0 Long Ridge Ln

    General Information

    Property type
    Land
    Lot Size
    93,654 SF

    HighLights

    • 2.15‑acre commercial lot in Owenton, KY (40359).
    • Cleared, rolling lot with underground utilities (electricity and water available).
    • Lot size: 2.15 acres; Residential zoning with commercial subtype.
    • $37,500 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Owenton
    County
    Owen
    State
    Kentucky
    Longitude
    -84.818993
    Latitude
    38.5882736

    Nearby Comparable

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    FAQs

    What type of property is this?
    Land - 2.15-acre commercial lot in quiet KY subdivision.
    Where is this land located?
    The property is located at Long Ridge Ln Owenton, KY.
    What is the asking price?
    The asking price for this property is $37,500.
    What are key features of this property?
    This property features: 2.15-acre commercial lot in Owenton, KY (40359).; Cleared, rolling lot with underground utilities (electricity and water available).; Lot size: 2.15 acres; Residential zoning with commercial subtype.
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    Long Ridge Ln Owenton, KY 40359
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    Owenton, KY 40359
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Long Ridge Ln Owenton, KY 40359
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