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    I-75 Exit 95 / Boonesborough Rd Richmond, KY 40475

    Sponsored
    For Sale
    Contact for pricing

    19 acres, prime commercial land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 19-acre commercial land parcel presents a significant development opportunity near Richmond, Kentucky. Strategically located at I-75 Exit 95 and Boonesborough Road, this property boasts high visibility and convenient access. The land is zoned UC-4 IC (Urban Corridor, Interstate Commercial), allowing for a wide range of commercial uses, including professional offices, motels, gas stations, and some light industrial applications. The site's configuration, resulting from a recent road relocation project, offers parcels with access to both Boonesborough Road and Simpson Lane, including a traffic-lighted corner. One parcel includes an existing rental home and small commercial storage unit, offering potential for immediate income generation or redevelopment. The property's proximity to the recently renovated I-75 Exit 95, featuring a four-to-six lane bridge and new traffic signals, ensures excellent accessibility and high traffic volume. The asking price is $300,000 per acre, with leasing options also available at $5,000 per acre per month. This is a rare opportunity to acquire a substantial tract of land in a rapidly growing area with exceptional development potential. The property's size and zoning make it ideal for a variety of commercial ventures, offering significant returns on investment. Don't miss this chance to secure a prime location for your next project.

    Property Features for I-75 Exit 95 / Boonesborough Rd

    General Information

    Property type
    Land
    Lot Size
    827,640 SF

    HighLights

    • Up to 12 acres available for development.
    • Property offered for sale or lease.
    • Retail and office development opportunity with UC‑4 IC zoning.
    • $300,000 per acre sale price.
    • $5,000 per acre per month 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 - 19 acres, prime commercial land
    Where is this land located?
    The property is located at I-75 Exit 95 / Boonesborough Rd Richmond, KY.
    What are key features of this property?
    This property features: Up to 12 acres available for development.; Property offered for sale or lease.; Retail and office development opportunity with UC-4 IC zoning.
    (859) 312-8069
    Request Owner's contact information
    I-75 Exit 95 / Boonesborough Rd 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 / Boonesborough Rd Richmond, KY 40475
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