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    1740 Troy Pike Versailles, KY 40383

    Sponsored
    For Sale
    Contact for pricing

    76 Acres, Prime Location, High Growth

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 75.98-acre property presents a rare development opportunity in Versailles, Kentucky. Situated within city limits and the urban services boundary, this A-1 zoned land boasts a strategic location at the gateway to Versailles, bordered by three roads including the Bluegrass Parkway. Its prime position is further enhanced by its designated future land use districts: "Interchange Commerce District" and "Workplace/Employment District." The Interchange Commerce District encourages large-scale retail, corporate offices, and entertainment venues, capitalizing on its high-traffic location. The Workplace District accommodates both large-scale manufacturing/distribution centers and smaller, campus-style office parks, potentially including supporting retail and restaurants. Residential uses are permissible, provided they constitute less than 10% of the district's area. This Woodford County property offers developers significant potential within a thriving, affluent community in the heart of Central Kentucky. The property's size and zoning provide flexibility for a variety of development projects, catering to the needs of a growing population and robust economy. This is a unique opportunity to capitalize on the area's strong growth trajectory and create a landmark development. The address is 1740 Troy Pike, Versailles, KY 40383.

    Property Features for 1740 Troy Pike

    General Information

    Property type
    Farms
    Lot Size
    3,309,689 SF

    HighLights

    • A‑1 zoning.
    • Located within Versailles city limits, inside the urban services area.
    • Designated for future development as a workplace and interchange commerce district.
    • 75.98‑acre site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Building Supply Auto Repair Shop Gym & Fitness Kitchen & Bath Accounting Firm HVAC Service Garden Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Versailles
    County
    Woodford
    State
    Kentucky
    Longitude
    -84.7205692
    Latitude
    38.0286698

    Nearby Comparable

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    Nearby Similar for Sale

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      Newly renovated retail space with drive-through in Versailles, Kentucky.
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      Versailles KY Industrial Land Opportunity

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      Downtown Versailles Commercial Gem

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    • $350,000
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      Versailles Commercial Office Building

      Prime location, established dental practice.
      210 Crossfield Dr, Versailles, KY 40383
      View Details

    FAQs

    What type of property is this?
    Farm - 76 Acres, Prime Location, High Growth
    Where is this farm located?
    The property is located at 1740 Troy Pike Versailles, KY.
    What are key features of this property?
    This property features: A-1 zoning.; Located within Versailles city limits, inside the urban services area.; Designated for future development as a workplace and interchange commerce district.
    Request Owner's contact information
    1740 Troy Pike Versailles, KY 40383
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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
    1740 Troy Pike Versailles, KY 40383
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