Shovel Ready I-75 Industrial Site FOR SALE

1037 Fortune Dr Richmond, KY 40475

1037 Fortune Dr, Richmond, KY, 40475
1037 Fortune Dr, Richmond, KY, 40475 1037 Fortune Dr, Richmond, KY, 40475 1037 Fortune Dr, Richmond, KY, 40475 1037 Fortune Dr, Richmond, KY, 40475
FOR SALE
Property Type:
Other Land
Amount:
$1,995,000
Last Verified:
Apr 30, 2024

Highlights

  • Large Pad ready Industrial Site - 41+ acres
  • Close proximity to I-75 - less than 4 miles
  • 406,500 sf and 201,500 sf engineered pads in place
  • I-2 Heavy Industrial, Manufacturing
  • Well established Industrial Park

Description

SVN Stone Commercial Real Estate is pleased to market FOR SALE a rare, large Industrial parcel in Central Kentucky just off I-75 in Madison County.

The 41+ acre site is located just off Exit 83 approximately 4 miles from I-75 in an established Industrial Park managed by the City of Richmond.The property is literally pad ready with two engineered pads in place to accommodate a build up to 406,500 square feet and 201,500 sf for a total of 608,000 sf.

The site requires very little, if any excavation work, has access to abundant power and other utility infrastructure as well as rail access and private entry at the end of Fortune Drive. Contact Senior Advisors; John Bunch, SIOR 859-433-8911 or Neal Metcalfe, 859-312-8069 for more information.

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.

Lot Size: 41.56 acres

Map of 1037 Fortune Dr, 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.