Northern Madison County KY - Development Land Opportunity

Vacant Land for Lease
Catylist Listing ID: 30798848
Property Subtypes: Office, Retail, Other
Gross Land Area: 12 Acres
Lease Rate: $5,000 Per Acre (Monthly)
$1.38 PSF (Annual)
Base Monthly Rent: $60,000
Lease Types: Other
Last Updated: 7/10/2024

Overview / Comments

We are pleased to present this development opportunity to purchase or lease up to 12 acres of land in Northern Madison County, KY near Richmond. The parcels North of Boonesborough Road land have access to Simpson Lane & a Traffic lighted corner at Boonesborough Road, and South parcels, have access to Boonesborough Road, and Traffic lighted intersection at Colonel Road. The property was divided by a road relocation plan for Colonel Road, Simpson Lane a couple of years ago when I-75 Exit 95 was renovated with 4-6 lane bridge, as well as new Traffic Lights, and exit-entrance ramp access. One parcel South of Boonesborough Road has a rental home on it with a small commercial storage unit as well. The property is currently zoned UC 4 IC (Urban Corridor, Interstate Commercial) - A general accepted zoning for permitted uses like; professional office, Motels, gas stations, even some light industrial uses and more.

Up to 12 Acres Available
For Sale or Lease
Retail- Office Development Opportunity UC- 4 I C zoning
$300,000 per acre FOR SALE
$5,000 per month per acre FOR LEASE

Additional Details

Nearest MSA: Richmond-Berea
County: Madison
Tax ID/APN: 0038-0000-0020
Zoning: UC-4 IC
Property Visibility: Excellent
Area Description: Richmond is centrally located and is south of Lexington on the I-75 corridor. Richmond is 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. Richmond tied for the 30th in the Top Micropolitans in the nation for new and expanded industry activity in 2010. The City of Richmond 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. Historic downtown Richmond is one of the finest 19th century commercial districts in the Southeast and is a unique blend of small town warmth and friendliness while still having access to the advantages of a big city.

View FullscreenMap

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,191 8,530
Median Age: 39.3 40.91
Households: 1,518 3,218
© Copyright 2024 Moody's. All Rights Reserved. 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.