Richmond, KY 40475
- Commercial real estate
- 5.25 lot acres
Current Use by Public Records
- Commercial real estate
Property Details
- Lot size
- 5.25 lot acres
- Property type
- Commercial real estate
Description
This exceptional 5.25-acre commercial lot presents a unique opportunity in Richmond, KY. Boasting high visibility from the Robert Martin By-Pass, as traffic crosses the Red House Road bridge, this property offers significant exposure for any commercial venture. The land has frontage on both Automotive Drive and Red House Road, providing multiple access points. While a creek runs through a portion of the property, making Automotive Drive the most likely optimal access point, a substantial area remains suitable for development. A significant portion of the land includes a dry retention pond, which is unusable for construction, but ample buildable space exists elsewhere on the site. The terrain presents a challenge, but also an opportunity for creative design, potentially incorporating basement construction to maximize usable space and accommodate the land's contours. The asking price is $100,000. This property's strategic location and considerable size make it an ideal investment for businesses seeking high visibility and a prominent presence in a busy area of Richmond. Serious inquiries are encouraged to explore the development potential of this unique offering.
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
- -84.2784
- Latitude
- 37.7316
