0 Highland Park Dr Richmond, KY 40475
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.
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.
Costs & Benchmarks
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.