Northern Madison County KY - Development Land Opportunity - Up to 12 Acres

I-75 Exit 95 / Boonesborough Road Development Land Richmond, KY 40475

I-75 Exit 95 / Boonesborough Road Development Land, Richmond, KY, 40475
I-75 Exit 95 / Boonesborough Road Development Land, Richmond, KY, 40475 I-75 Exit 95 / Boonesborough Road Development Land, Richmond, KY, 40475 I-75 Exit 95 / Boonesborough Road Development Land, Richmond, KY, 40475 I-75 Exit 95 / Boonesborough Road Development Land, Richmond, KY, 40475 I-75 Exit 95 / Boonesborough Road Development Land, Richmond, KY, 40475 I-75 Exit 95 / Boonesborough Road Development Land, Richmond, KY, 40475 I-75 Exit 95 / Boonesborough Road Development Land, Richmond, KY, 40475 I-75 Exit 95 / Boonesborough Road Development Land, Richmond, KY, 40475
FOR SALE FOR LEASE
Property Type:
Other Land
Amount:
$3,600,000
Last Verified:
Dec 03, 2024

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Highlights


Description

SVN Stone Commercial Real Estate is pleased to present this development opportunity to purchase or lease up to 12 acres of land in Northern Madison County, KY near Richmond. The parcels North of Boonesborough Road land have access to Simpson Lane & a Traffic lighted corner at Boonesborough Road, and South parcels, have access to Boonesborough Road, and Traffic lighted intersection at Colonel Road. The property was divided by a road relocation plan for Colonel Road, Simpson Lane a couple of years ago when I-75 Exit 95 was renovated with 4-6 lane bridge, as well as new Traffic Lights, and exit-entrance ramp access. One parcel South of Boonesborough Road has a rental home on it with a small commercial storage unit as well.
The property is currently zoned UC 4 IC (Urban Corridor, Interstate Commercial) - A general accepted zoning for permitted uses like; professional office, Motels, gas stations, even some light industrial uses and more.
For more information contact Neal Metcalfe, Senior Advisor at 859.312-8069 Mobile // neal.metcalfe@svn.com.

SVN Stone Commercial Real Estate is pleased to present this development opportunity to purchase or lease up to 12 acres of land in Northern Madison County, KY near Richmond. The parcels North of Boonesborough Road land have access to Simpson Lane & a Traffic lighted corner at Boonesborough Road, and South parcels, have access to Boonesborough Road, and Traffic lighted intersection at Colonel Road. The property was divided by a road relocation plan for Colonel Road, Simpson Lane a couple of years ago when I-75 Exit 95 was renovated with 4-6 lane bridge, as well as new Traffic Lights, and exit-entrance ramp access. One parcel South of Boonesborough Road has a rental home on it with a small commercial storage unit as well.
The property is currently zoned UC 4 IC (Urban Corridor, Interstate Commercial) - A general accepted zoning for permitted uses like; professional office, Motels, gas stations, even some light industrial uses and more.
For more information contact Neal Metcalfe, Senior Advisor at 859.312-8069 Mobile // 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 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: 12.0 acres


Documents

Brochure - Boonesborough Rd - Interstate 75 Development Land
Proposed Site Plan - Boonesborough Rd / I-75 Exit 95

Units for Lease

Boonesboro Land - North South
Space Available: 522720 SF
Lease Type: NNN

Price Per Sqft/Month: $5000.00

Map of I-75 Exit 95 / Boonesborough Road Development Land, 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
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  • 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.