Re-Development Retail Site in Richmond

Vacant Land for Sale
Catylist Listing ID: 30258417
Property Subtypes: Retail-Pad, Other
Gross Land Area: 0.70 Acres
Sale Price: $449,000
Unit Price: $641,428 Per Acre
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 7/27/2018

Overview / Comments

This .70 acre lot contains the former Swifty Gas Station along with adjacent retail space that is ready for Re- development. The gas tanks are still in the ground from Swifty's former use. Less than a 5 minute easy connection to the Martin Bypass, Downtown Richmond, or 10 minutes to I-75. KYDOT Traffic counts near 15,000 vpd, and into downtown 20,000 vpd. Neighboring property to the South could be purchased as well and create 1.4 acre site.
List Price of $449,000.

Additional Details

Nearest MSA: Richmond-Berea
County: Madison
Zoning: B-3
Site Description: .70 Acres B-3 Zoning High Traffic - Near Downtown Richmond 15,000 VPD Corner lot Former Gas Station with pumps and tanks still present.
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 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: 1 mile 3 miles 5 miles
Total Population: 10,811 35,189 43,274
Median Age: 26.56 31.34 33.16
Households: 3,517 13,942 16,942
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