3515 Richmond Rd Lexington, KY 40509
- Commercial real estate
- 30.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 3515 Richmond Rd
- Lot size
- 30.00 lot acres
- Property type
- Commercial real estate
Description
This exceptional 30-acre commercial land parcel in Lexington, KY, presents a unique investment opportunity. Located at 3515 Richmond Rd, this gently rolling property boasts approximately 4,655 feet of frontage on Yorkshire Dr. and 1,280 feet on Richmond Rd., offering high visibility and accessibility. Currently zoned A-U (Agricultural-Urban), the site is ideally positioned for various developments, including apartments, senior housing, office, or medical facilities, with public utilities readily available. Preliminary plans suggest an entry drive at the intersection of Yorkshire and Palumbo Drives. Its proximity to Interstate access (5-minute drive) and the high-traffic Eagle Creek Mixed Use Development, featuring over 1 million square feet of primarily medical uses, makes this a prime location within Lexington's Urban Service Boundary. The $10,500,000 asking price translates to $350,000 per acre, reflecting the exceptional value and development potential of this first-time-offered property. The site's location near a major employment center with over 90,000 cars per day passing by adds to its significant investment appeal.
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
- Lexington
- County
- Fayette
- State
- Kentucky
- Longitude
- -84.4388858
- Latitude
- 37.9950177
