Catylist ID:
#30855260
160 Acres of Development Land - Richmond
Vacant Land
for Sale
Sale Pending
| Catylist Listing ID: | 30855260 |
| Property Subtypes: | Residential (Single Family) |
| Status: | Pending |
| Gross Land Area: | 160 Acres |
| Sale Price: | $2,400,000 |
| Unit Price: | $15,000 Per Acre |
| Sale Terms: | Other |
| Cap Rate: | Undisclosed |
| Last Updated: | 4/17/2024 |
Overview / Comments
|
We are pleased to bring to market 160 acres of development land in Richmond, KY. This Madison County, KY site has agriculture zoning on Boonesborough Road but potential for mixed use Development with a Zone change to partial Commercial frontage and a mix of Multifamily, and Residential uses to the rear of the property. The total site is approximately 240 acres, but the family will be keeping approximately 80 acres to keep for their existing residences behind Boonesborough Elementary which was parceled out for development several years ago. The site is well situated being approximately 5 minutes from I-75 Exit 95 and 20 minutes to Richmond, Hamburg (Lexington), and Winchester on U.S. 627. Highlights: 160 Acres of Development Land - Richmond Mixed Use potential, Commercial, Residential Easy access to I-75, Richmond, Lexington and Winchester Madison County Property and Re- Zoning required |
Attachments & Media
Additional Details
| Nearest MSA: | Richmond-Berea |
| County: | Madison |
| Tax ID/APN: | 0052-0000-0008 |
| Zoning: | UC-7, R-7 |
| Property Located Between: | Richmond, Hamburg (Lexington), and Winchester on U.S. 627 |
| Highway Access: | 5 minutes from I-75 Exit 95 |
| 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. |
Demographic Statistics
| Proximity: | 3 miles | 5 miles |
|---|---|---|
| Total Population: | 5,444 | 12,331 |
| Median Age: | 39.57 | 38.47 |
| Households: | 1,997 | 4,875 |
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