Lantern Ridge Dr Richmond, KY 40475
- Land
- 1.50 lot acres
Current Use by Public Records
- Land
Property Details for 0 Lantern Ridge Dr
- Lot size
- 1.50 lot acres
- Property type
- Land
Description
This exceptional opportunity presents up to 10.2 acres of prime commercial land in Richmond, Kentucky's thriving Richmond Centre. Located at the intersection of Barnes Mill Road (SR 876) and I-75, this property boasts unparalleled visibility with an average daily traffic count of approximately 69,418 vehicles on I-75 at Exit 87. The site offers excellent access via two signalized entrances from Barnes Mill Road, leading directly onto Lantern Ridge Drive. Zoned B-3, Highway Business District, the land is ideally suited for a variety of commercial uses. Lot sizes range from 1.5 to 10.2 acres, with smaller parcels (1.5-3 acres) perfect for restaurant development and larger tracts (3.5-7 acres) suitable for hotels or apartment complexes. The property benefits from its strategic location within Richmond Centre, a 700,000 square foot regional shopping center anchored by major retailers including Meijer, Cinemark, Belk, JCPenney, HomeGoods, TJ Maxx, Dick's Sporting Goods, and Ulta. Further enhancing the area's appeal, a 216-unit apartment development is slated to begin construction in 2025 just north of the site, and a new neighborhood and middle school are under construction on Goggins Lane. Richmond/Madison County is one of Kentucky's fastest-growing communities, making this a truly exceptional investment opportunity in a dominant retail location between Lexington and Knoxville. The property's prime location and zoning make it an ideal investment for developers seeking high-traffic exposure and strong growth potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Madison
- State
- Kentucky
- Longitude
- -84.325
- Latitude
- 37.7416
