1030 Amberly Way Richmond, KY 40475
This exceptional 1.45-acre commercial land parcel, zoned B-3, presents a prime development opportunity in Richmond, Kentucky. Located at 1030 Amberly Way, this property enjoys a highly desirable location near the intersection of I-75 exit 87, placing it within easy reach of a thriving retail, hospitality, and office corridor. The area is a hub of activity, serving commuters, Eastern Kentucky University students and staff, Baptist Hospital personnel, and interstate travelers seeking dining and shopping options. This strategic position benefits from significant existing infrastructure and is further enhanced by the proximity to the Goggins Lane mixed-use project and a new multi-million dollar city park currently under development. The B-3 zoning allows for a wide range of commercial uses, including hotels, restaurants, and inline retail establishments, making this an ideal site for investors seeking high-impact development potential. The asking price for this exceptional property is $995,000. The lot size is 1.45 acres, offering ample space for a variety of development projects. This is a rare opportunity to acquire a strategically located commercial land parcel in a rapidly growing area of Richmond, Kentucky. The property is available for both sale and lease.
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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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.