Technical
Financial
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Property profile

1030 Amberly Way Richmond, KY 40475

OFF-MARKET
Land
1.45 ac lot
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Property summary

AI-generated overview

This exceptional 1.45-acre commercial land parcel presents a remarkable development opportunity in Richmond, Kentucky. Situated in a high-traffic area near Interstate 75, exit 87, this B-3 zoned property enjoys unparalleled visibility and accessibility. The location is ideal, boasting proximity to a thriving retail corridor, numerous restaurants, hotels, and office spaces, as well as Eastern Kentucky University (EKU) and Baptist Hospital. This strategic position places the land within easy reach of a substantial daily commuter flow and interstate travelers seeking dining and shopping options. The property benefits from its placement within the expanding Richmond city limits, adjacent to the Goggins Lane mixed-use project and a forthcoming multi-million-dollar city park. This ensures future growth and increased property value. The site is ready for immediate development, suitable for a wide range of commercial uses including hotels, restaurants, and inline retail establishments. The property is available for both sale and lease, offering flexibility to suit various investment strategies. This is a rare opportunity to acquire a prime commercial land parcel in a rapidly growing area with significant potential for substantial returns. The B-3 zoning allows for a diverse range of development options, making this an attractive investment for developers seeking a high-impact project in a dynamic market.

Property profile

Verified
Property type Land
Lot 1.45 ac (63,162 SF)

Cap rate & NOI

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

Location

1030 Amberly Way Richmond, KY 40475
Richmond metro
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Value estimations

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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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