305 Kentucky Ave, Unit 305 Versailles, KY 40383
- Commercial real estate
- 4.32 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 305 Kentucky Ave
- Lot size
- 4.32 lot acres
- Property type
- Commercial real estate
Description
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.
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
- Versailles
- County
- Woodford
- State
- Kentucky
- Longitude
- -84.73923
- Latitude
- 38.05717
