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Property profile & analytics
OFF-MARKET
Land

649 Caleast Rd Richmond, KY 40403

152 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 152-acre development parcel presents a unique investment opportunity in Madison County, Kentucky. Strategically located near Exit 83 of I-75, this property boasts thousands of feet of interstate frontage, ensuring high visibility and accessibility. Currently zoned UC-7, the land is primed for commercial or residential development, offering significant potential for diverse projects. Its location within an Opportunity Zone adds further investment appeal. The site's proximity to key infrastructure is a major advantage. It's less than a mile from I-75 Exit 83, and within two miles of both the Richmond Regional Airport and the Richmond Industrial Park. Furthermore, its location is approximately four miles south of Richmond and six miles north of Berea, providing convenient access to these thriving communities. The property's location offers easy access to US 25 and a significant US Government-Military presence in the county. This prime location, combined with its size and zoning potential, makes this a compelling opportunity for developers seeking a high-impact project in a rapidly growing area. The asking price for this exceptional property is $5,350,000. The address is 649 Caleast Rd, Berea, KY 40403.

Property profile
Verified
Property type Land
Lot 152 ac (6,621,120 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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