412 Farris Park Blvd Richmond, KY 40475
This exceptional 1.48-acre commercial lot, located at 412 Farris Parks Boulevard in Richmond, Kentucky, presents a prime opportunity for development. Zoned B-3, this flat parcel boasts nearly 300 feet of road frontage, providing excellent visibility and accessibility. Its strategic location near the Robert R Martin Bypass ensures high traffic volume and convenient access to major transportation routes, making it ideal for a variety of commercial ventures. The property is remarkably build-ready, requiring minimal, if any, groundwork preparation, significantly reducing development time and costs. Existing infrastructure, including a sidewalk, is already in place, further streamlining the construction process. This ready-to-develop lot offers a unique blend of convenience, accessibility, and growth potential in a thriving area of Richmond. The expansive frontage and flat terrain make it suitable for a wide range of commercial uses, from retail establishments to light industrial facilities. Don't miss this chance to secure a prime piece of commercial real estate in a rapidly developing area. The asking price is $425,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.