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    Long Ridge Ln Owenton, KY 40359

    Sponsored
    For Sale
    $37,500

    2.54 Acres, Residential Zoning, $37,500

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 2.54-acre commercial land parcel presents a unique investment opportunity in the tranquil Long Ridge Estates subdivision, nestled in the heart of Owen County, Kentucky. Located at 0 Lot# 2 Long Ridge Lane, Owenton, KY 40359 (APN 00), this property boasts a desirable residential zoning designation, offering versatility for future development. The lot features a cleared, rolling slope, providing a buildable landscape with potential for walkout basements, thereby potentially reducing construction costs. The subdivision is designed to prioritize privacy and protection, with most lots offering 200+ feet of road frontage. Underground utilities are in place, including readily available electricity and water; however, natural gas is not currently available. Access is convenient via a county road and a private road. Reasonable restrictions are in place to maintain property values within the community. This property is held under corporate ownership and is priced affordably at $37,500. The location offers a peaceful setting while remaining easily accessible. This is an ideal opportunity for developers or investors seeking a prime parcel in a desirable Kentucky location.

    Property Features for 0 Long Ridge Ln

    General Information

    Property type
    Land
    Lot Size
    110,642 SF

    HighLights

    • $37,500 asking price.
    • 2.54‑acre commercial land parcel.
    • Residential zoning.
    • Utilities: Electricity available, water available; natural gas unavailable. Underground utilities.
    • Lot features: Cleared, rolling slope; access via county and private roads.
    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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      Owen County Commercial Land Parcel

      3.68 Acres, Residential Zoning, $37,500
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    Nearby Similar for Sale

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      Owenton Investment Property - High Return

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    FAQs

    What type of property is this?
    Land - 2.54 Acres, Residential Zoning, $37,500
    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.; 2.54-acre commercial land parcel.; Residential zoning.
    Request Owner's contact information
    Long Ridge Ln 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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