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Property profile

0 Highland Park Dr Richmond, KY 40475

OFF-MARKET
Retail properties & Spaces
1.25 ac lot
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Property summary

AI-generated overview

This exceptional 1.25-acre commercial land parcel presents a prime development opportunity in Richmond, Kentucky. Ideally situated at the intersection of Highway 52 and the Eastern Bypass, this property boasts high visibility and significant daily traffic volume averaging 32,920 vehicles. The site is zoned B-3 Commercial, allowing for a variety of retail or office developments. Its level topography and readily accessible utilities simplify construction planning. Positioned between Outback Steakhouse and several existing office buildings, the property benefits from established commercial surroundings and a high-density residential area nearby. The location within Richmond's Bypass Corridor ensures convenient access to major transportation routes, maximizing exposure and attracting a diverse customer base. The property's APN is R016-0001-00K1. This is a rare opportunity to acquire a well-located, ready-to-develop site in a thriving Kentucky market. The asking price is $500,000.

Property profile

Verified
Property type Retail properties & Spaces
Lot 1.25 ac (54,450 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Highland Park Dr Richmond, KY 40475
Richmond metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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