Description
Opportunity to build in one of Richmond's strongest development corridors. Corner positioning near Boggs Lane and Big Hill Avenue gives this site excellent visibility and access, with close proximity to EKU, downtown Richmond, and the Eastern Bypass growth corridor. Zoned R-3 and reportedly suited for a 4-plex configuration, this lot fits the current demand trend toward small multifamily development and workforce housing. The surrounding area has seen continued mixed-use and redevelopment activity, including nearby commercial assemblages and higher-density investment properties along Big Hill Avenue With Richmond continuing to experience population and rental growth, smaller multifamily projects remain attractive due to limited inventory and increasing housing demand. This parcel offers a rare chance to build in an established, centrally located corridor where developable lots are becoming harder to find.
Details
| MLS # | 26011677 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 118 |
| Listing Provided By | The Real Estate Co. | Kim Caywood |
Features
| Zoning | R-2 |
|---|---|
| Acreage | 0.36 |
Area Information
| State | KY |
|---|---|
| County | Madison |
| City | Richmond |
| Zip Code | 40475 |
| Area | 008 Madison County |
| Subarea | Madison County |
| Community Name | Downtown |
| Listing VS Median (in Downtown) | |
Price: $120,000 low | high Med: $229,900 On site: 118 low | high Med: 5 | |
Market Activity 40475
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Learn More About This Property
| State | KY |
|---|---|
| County | Madison |
| City | Richmond |
| Zip Code | 40475 |
| Area | 008 Madison County |
| Subarea | Madison County |
| Community Name | Downtown |
| Listing VS Median (in Downtown) | |
Price: $120,000 low | high Med: $229,900 On site: 118 low | high Med: 5 | |
