305 Kentucky Ave 305 Versailles, KY 40383
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.