1037 Fortune DrRichmond, KY 40475

For Sale
$1,995,000 View listing
  • Commercial real estate
  • 41.56 AC

Property Details for 1037 Fortune Dr

Lot size
41.56 AC
Property type
Commercial real estate
APN
0070-0000-0005-G
APU
007000000005G

Description

This exceptional 41.56-acre industrial site presents a rare opportunity for immediate development. Strategically located in Richmond, Kentucky's established Madison County industrial park, this property boasts unparalleled access to Interstate 75, less than four miles from Exit 83. The site is truly "shovel ready," featuring two pre-engineered pads totaling 608,000 square feet (406,500 sq ft and 201,500 sq ft). This eliminates extensive site preparation, saving significant time and costs. The I-2 Heavy Industrial zoning permits a wide range of manufacturing uses. Existing infrastructure includes readily available power and utilities, along with rail access and a private drive at the end of Fortune Drive. This location offers significant advantages for businesses seeking efficient logistics and a strong industrial presence in Central Kentucky. The property's size and preparation make it ideal for large-scale industrial projects, offering a substantial return on investment. This is a unique opportunity to acquire a fully prepared site ready for immediate construction in a thriving industrial area. The asking price is $1,995,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $355,522,688
    Hospitality
    $325,656,864
    Educational
    $270,942,688
    Medical
    $280,260,832
    Retail
    $421,466,400
1037 Fortune Dr, Richmond, Kentucky

Location Insight

City
Richmond
County
Madison
State
Kentucky
Latitude
37.6919
Longitude
-84.2694
CBSA code
40080
CBSA name
RICHMOND-BEREA, KY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$12,125
-
-
$1,250,000
-
-
-
$1,250,000

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