B-3 Land for Sale in Richmond, KY

229 Automotive Drive Richmond, KY 40475

229 Automotive Drive, Richmond, KY, 40475
229 Automotive Drive, Richmond, KY, 40475
FOR SALE
Property Type:
Commercial Land Development
Amount:
$360,000
Last Verified:
Dec 22, 2020

Highlights

  • Owner motivated to SELL!
  • 27,000 vehicles per day!
  • $229,300 per acre
  • Zoned B-3
  • 1.57 Acres
  • Only 1.8 miles (4 minute drive time) from I-75
  • Close proximity (6 minute drive time) to Downtown, EKU, Kroger, Walmart, Lowes

Description

SVN Stone Commercial Real Estate is pleased to present this highly visible parcel with 27,000 vehicles per day. The 1.57 acre parcel of B-3 in Richmond can be a number of uses in the city; Medical, Retail, Office, and more! The ready to develop parcel is next to a Dollar General on a private cul-de-sac on Automotive Drive. For further inquiry reach out to Neal Metcalfe at 859-312-8069 or neal.metcalfe@svn.com!

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 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.

Lot Size: 1.57 acres

Map of 229 Automotive Drive, Richmond, KY, 40475

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.