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Property profile & analytics
FOR SALE
Commercial real estate

305 Kentucky Ave 305 Versailles, KY 40383

4.32 ac lot
Property ID
US34-0802503
Property summary
AI-generated overview

This exceptional 4.32-acre property located at 305 Kentucky Avenue in Versailles, Kentucky presents a significant investment opportunity. Currently zoned I1 (Light Industrial), this expansive lot offers substantial road frontage, making it ideal for a variety of industrial uses. The generous size allows for the development of multiple individual lots, catering to diverse business needs. However, the property's potential extends beyond industrial applications. A zoning change to R3 would permit the construction of approximately 35 townhomes, while an R4 rezoning could accommodate up to 69 residential units. This flexibility provides a unique opportunity for developers seeking a high-yield project with significant upside. The property's location in Versailles, Kentucky offers access to key transportation routes and a growing community. Detailed site plans and zoning information are available upon request. This is a rare chance to acquire a large parcel of land with exceptional versatility in a desirable Kentucky location. Serious inquiries only. The asking price is $922,000. Don't miss this chance to secure a prime piece of real estate with immense potential for future growth and profitability. Contact us today to learn more about this exciting opportunity.

Property profile
Verified
Property type Commercial real estate
Lot 4.32 ac (188,179 SF)
UPID US34-0802503
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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