Large land development Opportunity- Richmond

1819 Irvine Road Richmond, KY 40475

1819 Irvine Road, Richmond, KY, 40475
1819 Irvine Road, Richmond, KY, 40475
FOR SALE
Property Type:
Other Land
Amount:
$5,200,000
Last Verified:
Feb 23, 2021

Highlights

  • 77 +/- Development land in Richmond
  • RARE Mobile Home Park Zoning - Potential to convert to R-2
  • B3 Zoning for Office and Retail development
  • Extension of Atwood Drive & Off Irvine Road

Description

SVN Stone Commercial Real Estate presents 77 +/- acres of development land in Richmond, KY off the Robert Martin Bypass via exit 90 @ I-75. This large parcel is split zoning with B-3 zoning on the front near Martin Bypass AND facing Irvine Road with (MH) Mobile Home Park zoning to the rear. The density of homesites nearby lend the development to be more home sites in the MH zoning with other retail or office use in the front just off Atwood Drive. Contact Neal Metcalfe for more info; neal.metcalfe@svn.com or 859-312-8069.

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.

Lot Size: 77.0 acres

Map of 1819 Irvine Road, 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.