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2047 Merchant Dr Richmond, KY 40475

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For Sale
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Prime commercial land, ideal for development.

Property Features for 2047 Merchant Dr

General Information

Property type
Land
Lot Size
347,173 SF

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Listing Contact
Greg Leveridge
Greg Leveridge

Listing Agency: Block + Lot Listing Agent: Greg Leveridge

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional 7.97-acre commercial land parcel, located at 2047 Merchant Drive, Lot #3 in Richmond, Kentucky (APN: 0068-008E-0002), presents a unique investment opportunity. Zoned B-3, this property offers significant potential for various commercial developments. Situated in Madison County, with a convenient location off the Robert Martin Bypass between Merrick Road and Four Mile Road, it benefits from high visibility and easy access. The site is approximately 20 minutes south of Lexington, placing it within a thriving regional market. This land is part of a larger development anchored by a Kohl's Department Store, with existing outparcels and in-line spaces available. The area is experiencing substantial residential growth, with over 600 new homes recently built adjacent to the property, creating a strong demand for commercial services. The asking price is $2,391,000, representing a price per acre of $300,000. While the surrounding development offers flexibility in lot size and build-to-suit options, this specific 7.97-acre parcel presents a compelling opportunity for immediate development or strategic land banking. The property's prime location and strong surrounding demographics make it an attractive investment for both short-term and long-term growth.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Kohl's Department Store

Suggested Use

Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Pharmacy

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

Location Insight

  • Map
  • Local Demand
City
Richmond
County
Madison
State
Kentucky
Longitude
-84.2734732
Latitude
37.7549789

FAQs

What type of property is this?
Land - Prime commercial land, ideal for development.
Where is this land located?
The property is located at 2047 Merchant Dr Richmond, KY.
What is the asking price?
The asking price for this property is $2,391,000.
What are key features of this property?
This property features: 7.97-acre lot available for sale.; Offered at $300,000 per acre.;
(859) 421-8959 Call to check price and availability
More about this property
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