3280 Lexington Road, Richmond, KY 40475

$3,150,000
Property Type: Land Lot Size (sq. ft.): 2,526,482 Status: Closed
Current Price: $3,150,000 List Date: 3/05/2021 Last Modified: 9/03/2025

Overview

Description

Phenomenal investment opportunity off one of the most heavily-traveled interstates in the country! This 58 acre tract is practically directly next to the site of the proposed I-75 connector from Nicholasville. Being directly in the path of Central Kentucky's explosive expansion and located within pro-growth Madison County, this tract has the potential for development of many kinds. Construction on the redesigns of the exit ramps and the expansion of the roads started mere months ago, so now is the time to buy in.

Listing Details MLS# 20103790

Listing Information

Property Sub Type
Unimproved Land

Status Change Information

Status Change Timestamp
2022-12-29
Purchase Contract Date
2021-06-16
Close Date
2021-11-08
Close Price
3150000
Buyer Financing
Conventional
Sale Type
Arms Length Sale
Concessions Comments
na

Address

County
Madison
Street Number
3280
Street Name
Lexington
Street Suffix
Road
State
KY
Zip Code
40475
Directions
I-75 South, Exit 95; Right onto KY 627; Right on Lexington Rd.; property will be on your Left.
Parcel Number
0039-0000-0007

Contract

Original List Price
3800000
Start Showing Date
2021-03-05
Listing Contract Date
2021-03-05
Listing Agreement
Exclusive Right To Sell
Office Exclusive YN
No
List Price/Acre
65517.24
List Price/SqFt
1.5
Sold Price/Acre
54310.34
Sold Price/SqFt
1.25
SP/LP
0.83

Tax Legal

MLS Area Major
008 - Madison County
Subdivision Name
Commercial

Lot

Lot Size Acres
58
Lot Size Square Feet
2526482.32
Lot Size Dimensions
2300 x ?

More Information

Remarks

Public Remarks
Phenomenal investment opportunity off one of the most heavily-traveled interstates in the country! This 58 acre tract is practically directly next to the site of the proposed I-75 connector from Nicholasville. Being directly in the path of Central Kentucky's explosive expansion and located within pro-growth Madison County, this tract has the potential for development of many kinds. Construction on the redesigns of the exit ramps and the expansion of the roads started mere months ago, so now is the time to buy in.

Property Details

Floodplain YN
No
Deed Restrictions YN
No
Improvements YN
Yes

Showing Information

Showing Instructions
Contact Gary @ 859-338-1297 or Nick @ 859-533-6262 for viewing arrangements & additional information.

Tax & Legal

Zoning Description
I-C Interstate Commercial

Utilities

Electricity Available
Yes
Natural Gas Available
Yes
Sewer Available
Yes
Water Available
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Lot Features

Irregular Lot
Yes

Special Listing Conditions

Standard
Yes

Property Features

Utilities: Electricity Available; Natural Gas Available; Sewer Available; Water Available; Electricity Available; Natural Gas Available; Sewer Available; Water Available Listing Terms: Cash; Conventional Lot Features: Irregular Lot Special Listing Conditions: Standard
Listing Office: Rector Hayden Realtors
Last Updated: September - 03 - 2025
Information deemed reliable but not guaranteed.