2047 Merchant DrRichmond, KY 40475

This exceptional 7.97-acre commercial land parcel, located at 2047 Merchant Drive, Lot #3 in Richmond, Kentucky (APN: 0068-008E-0002), presents a unique investment opportunity. Zoned B-3, this property offers significant potential for various commercial developments. Situated in Madison County, with a convenient location off the Robert Martin Bypass between Merrick Road and Four Mile Road, it benefits from high visibility and easy access. The site is approximately 20 minutes south of Lexington, placing it within a thriving regional market. This land is part of a larger development anchored by a Kohl's Department Store, with existing outparcels and in-line spaces available. The area is experiencing substantial residential growth, with over 600 new homes recently built adjacent to the property, creating a strong demand for commercial services. The asking price is $2,391,000, representing a price per acre of $300,000. While the surrounding development offers flexibility in lot size and build-to-suit options, this specific 7.97-acre parcel presents a compelling opportunity for immediate development or strategic land banking. The property's prime location and strong surrounding demographics make it an attractive investment for both short-term and long-term growth.