For Sale | 11.89 AC Development Lot | Richmond, KY
Vacant Land
for Sale
Sale Pending/Contingent
Also listed as Retail-Commercial, Shopping Center
| Catylist Listing ID: |
30276792 |
| Property Subtypes: |
Retail, Retail-Pad
|
| Status: |
Pending/Contingent |
| Gross Land Area: |
11.89 Acres
|
| Sale Price: |
See Agent |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
11/30/2023 |
Overview / Comments
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+/-11.89 acres for sale. Located within the Richmond Center at Barnes Mill Road & I-75 in Richmond. Utilities are stubbed-in at the rear of the site. Lighting, parking lot and landscaping are already installed. Excellent I-75 visibility located in Richmond Centre, a 700,000 SF regional shopping center anchored by Meijer, Cinemark, Belk, JCPenney, Michaels, TJ Maxx, Dick's Sporting Goods, Petsmart and more. Average daily traffic count of 61,237 ‘13 ADT on I-75 at Exit 87. Located in Richmond/Madison County – one of the fastest growing communities in Kentucky, Richmond Centre is the dominant retail development in the market and the largest center on I-75 between Lexington, Kentucky and Knoxville, Tennessee.
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Additional Details
| Nearest MSA: |
Richmond-Berea |
| County: |
Madison |
| Tax ID/APN: |
0042-0010-0031 |
| Zoning: |
B-3, COMMERCIAL |
| Property Visibility: |
Good |
| Area Description: |
Richmond Centre has excellent visibility from I-75 with nearly one mile of frontage on I-75 and Barnes Mill Road. Access for the site and Richmond Centre is from two signalized entrances on Barnes Mill Road (Eastern By-Pass) as well as two additional connections on Goggins Lane. Richmond is located south of Lexington on the I-75 corridor. Richmond/Madison County are one of the fastest growing areas in Kentucky. Several identifiable factors contribute to this growth, such as easy interstate access, proximity to Lexington, lower cost of housing, good employment base, regional university, and cultural and educational opportunities. The City of Richmond has enjoyed recent growth, is currently the 7th most populous in Kentucky, up from 11th largest in the 2000 census and is the home of Eastern Kentucky University with approximately 17,000 students.
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Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
7,687 |
31,757 |
39,960 |
| Median Age: |
35.66 |
31.75 |
32.71 |
| Households: |
3,314 |
12,468 |
15,688 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Kentucky Commercial Real Estate Alliance nor
Moody's assume any liability for errors or omissions.
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