FOR SALE 152 Acres -Interstate 75 Development Land- Madison County KY

649 Caleast Road Richmond, KY 40475

649 Caleast Road, Richmond, KY, 40475
649 Caleast Road, Richmond, KY, 40475 649 Caleast Road, Richmond, KY, 40475 649 Caleast Road, Richmond, KY, 40475 649 Caleast Road, Richmond, KY, 40475 649 Caleast Road, Richmond, KY, 40475 649 Caleast Road, Richmond, KY, 40475 649 Caleast Road, Richmond, KY, 40475
FOR SALE
Property Type:
Commercial Land Development
Amount:
$5,350,000
Last Verified:
Aug 13, 2024

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Highlights

  • Less than 1 mile to Exit 83 - I-75
  • Thousands of feet of Interstate road frontage
  • Commercial or residential development possibilities
  • 2 Miles to Regional Airport, Richmond Industrial Park
  • 4 Miles south of Richmond, 6 miles north of Berea, under 30 miles to Lexington

Description

SVN | Stone Commercial Real Estate is excited to bring to market a 152 acre parcel of Development land, that is currently zoned Agriculture, but in recent years was annexed into the City of Richmond. This raw land site qualifies for potential Commercial and residential zoning in an Opportunity Zone with it's easy access to Exit 83 on I-75. This exit recently became news worthy with the 1st Buccees Travel Stop in Kentucky. The Duncannon Road exit was developed a few decades ago to give easy access to U.S.25 and to US Government -Military's 14,000+ acres in Madison County. The regional Madison County Airport is just 2 miles from this parcel, and the Richmond Industrial Park is within 2 miles on Duncannon as well.
The proximity to many regional corridors of the state from this site make it a good long term location for work or commuting as well as home sites.

Contact Neal Metcalfe 859-312-8069 or neal.metcalfe@svn.com to schedule a tour or any questions.

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: 152.0 acres


Documents

SVN Brochure - 649 Caleast

Map of 649 Caleast 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.