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    I-75 Exit 95 Richmond, KY 40475

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    For Lease
    Contact for pricing

    12-acre commercial land near Richmond, KY.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 12-acre commercial land parcel presents a significant development opportunity in Madison County, Kentucky, conveniently located near Richmond at I-75 Exit 95. The property boasts excellent access, with parcels north of Boonesborough Road offering access to Simpson Lane and a traffic-lighted corner at Boonesborough Road. South parcels provide access to Boonesborough Road and a traffic-lighted intersection at Colonel Road. This strategic location benefits from recent infrastructure improvements, including the renovation of I-75 Exit 95, featuring a 4-6 lane bridge, new traffic lights, and improved exit/entrance ramp access. The land is zoned UC-4 IC (Urban Corridor, Interstate Commercial), permitting a wide range of uses, including professional offices, motels, gas stations, and some light industrial applications. One parcel south of Boonesborough Road includes an existing rental home and a small commercial storage unit. This versatile property offers significant potential for various commercial developments, capitalizing on its prime location and flexible zoning. The property's size and accessibility make it ideal for a variety of commercial ventures. This is a rare opportunity to acquire a substantial tract of land in a high-growth area.

    Property Features for I-75 Exit 95

    General Information

    Property type
    Land
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Available Space1
    Size
    0 SF

    HighLights

    • 12‑acre commercial land parcel available for sale or lease in Madison County, KY near I‑75 Exit 95.
    • Excellent access via Simpson Lane and Boonesborough Road, with traffic‑lighted intersections.
    • Retail and office development opportunity with UC‑4 IC zoning.
    • $300,000 per acre sale price; $5,000 per acre monthly lease rate.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Richmond
    County
    Madison
    State
    Kentucky
    Longitude
    -84.3170715
    Latitude
    37.7669962

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    FAQs

    What type of property is this?
    Land - 12-acre commercial land near Richmond, KY.
    Where is this land located?
    The property is located at I-75 Exit 95 Richmond, KY.
    What are key features of this property?
    This property features: 12-acre commercial land parcel available for sale or lease in Madison County, KY near I-75 Exit 95.; Excellent access via Simpson Lane and Boonesborough Road, with traffic-lighted intersections.; Retail and office development opportunity with UC-4 IC zoning.
    Request Owner's contact information
    I-75 Exit 95 Richmond, KY 40475
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    Richmond, KY 40475
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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
    I-75 Exit 95 Richmond, KY 40475
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