2047 Merchant Dr Richmond, KY 40475
- Retail properties
- 67,771 SF
- 6.76 lot acres
Current Use by Public Records
- Kohl's / Department Store
Property Details for 2047 Merchant Dr
- Lot size
- 6.76 lot acres
- Property size
- 67,771 SF
- Property type
- Retail properties
- APN
- 0068-008E-0002
- APU
- 0068008E0002
Description
Two exceptional outparcel opportunities are available for ground lease at Merchant Place, a thriving retail center in Richmond, KY. Located directly off the Robert Martin Bypass at Four Mile Rd, this property benefits from high visibility and convenient access. The site is anchored by a Kohl's Department Store and surrounded by a rapidly growing residential area, including over 600 recently constructed homes. Outparcel #2 offers 1.772 acres at an annual ground lease rate of $80,000 per acre, while Outparcel #5 comprises 1.755 acres with an annual ground lease rate of $85,000 per acre. Both parcels are zoned B-3 and offer flexibility in lot size and build-to-suit options. This prime location, situated approximately 20 minutes south of Lexington, presents a unique investment opportunity in a high-growth corridor. The property's address is 2047 Merchant Dr, Richmond, KY 40475. The total acreage of the larger development is approximately 52.6 acres, with approximately 500,000 square feet of existing retail space. This presents a chance to establish a presence in a successful, established retail center with strong demographics and high traffic counts. Serious inquiries are encouraged to explore the possibilities of these exceptional retail outparcels.
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
- -84.273
- Latitude
- 37.7552
- CBSA code
- 40080
- CBSA name
- RICHMOND-BEREA, KY MICROPOLITAN STATISTICAL AREA
