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    Long Ridge Ln Owenton, KY 40359

    For Sale
    $37,500

    3.07-acre commercial lot, residential zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 3.07-acre commercial land parcel presents a unique investment opportunity in Owenton, Kentucky. Located at 0 Lot# 29 Long Ridge Lane, 40359, this property boasts a desirable location within the Long Ridge Estates development. The lot features a rolling slope and is cleared, providing a level building site. Utilities are largely underground, with electricity and water readily available. Natural gas is not currently available. The property is zoned for residential use, offering flexibility for various development plans. The lot size falls within the 1 to 4.9-acre range typical for the Long Ridge Estates community, which is designed to offer privacy and protection with lots featuring 200+ feet of road frontage. Many lots are configured for walkout basements, potentially reducing construction costs. Reasonable restrictions are in place to maintain property values. The APN is 00 and the ownership is corporate. This property is ideal for developers or investors seeking a prime location in a well-planned community. The asking price is $37,500.

    Property Features for 0 Long Ridge Ln

    General Information

    Property type
    Land
    Lot Size
    133,729 SF

    HighLights

    • $37,500 asking price for 3.07 acres of commercial land.
    • Located at 0 Lot# 29 Long Ridge Lane, Owenton, KY 40359.
    • Residential zoning.
    • Utilities: Electricity and water available; natural gas unavailable; underground utilities.
    • Lot features: Cleared, rolling slope.
    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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      2.54 Acres, Residential Zoning, $37,500
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    • $37,500
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      Owen County Commercial Land Parcel

      3.68 Acres, Residential Zoning, $37,500
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    FAQs

    What type of property is this?
    Land - 3.07-acre commercial lot, residential zoning.
    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: $37,500 asking price for 3.07 acres of commercial land.; Located at 0 Lot# 29 Long Ridge Lane, Owenton, KY 40359.; Residential zoning.
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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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