Winchester, KY 40391

Exceptional investment opportunity in Winchester, KY, featuring a 30-acre parcel with approved plans for a substantial residential development. The project encompasses 102 single-family lots, with 14 designated for basement construction and 88 for slab foundations. Projected lot prices start under $300,000, offering significant potential for profit based on market demand and buyer upgrades. Furthermore, the development includes a 5-acre tract designed for an 80-unit multifamily complex, comprising ten two-story buildings, each with eight units. This Class A multifamily development is strategically positioned to capitalize on the area's rental market. The property's convenient location extends from the Colby Ridge Subdivision, adjacent to Shoppers Village, and is within close proximity to I-74 (1.6 miles) and US 60 (1.4 miles). Residents will enjoy easy access to local amenities, including shopping and a Kroger supermarket, all within walking distance. Situated in Winchester's West Corridor, the land benefits from existing sewer sanitation lines within the West Intersector, ensuring compliance and eliminating potential development hurdles. Importantly, this site has received explicit approval from the City/County, confirming sufficient sewer sanitation capacity and explicitly stating that it is not subject to the 2007 EPA Consent Decree. This fully approved project presents a rare opportunity for immediate development and substantial return on investment.