0 Lantern Ridge DrRichmond, KY 40475

For Sale
Call for price

Richmond, KY development land

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional opportunity presents up to 10.2 acres of prime commercial land in Richmond, Kentucky's thriving Richmond Centre. Located at the intersection of Barnes Mill Road (SR 876) and I-75, this property boasts unparalleled visibility with an average daily traffic count of approximately 69,418 vehicles on I-75 at Exit 87. The site offers excellent access via two signalized entrances from Barnes Mill Road, leading directly onto Lantern Ridge Drive. Zoned B-3, Highway Business District, the land is ideally suited for a variety of commercial uses. Lot sizes range from 1.5 to 10.2 acres, with smaller parcels (1.5-3 acres) perfect for restaurant development and larger tracts (3.5-7 acres) suitable for hotels or apartment complexes. The property benefits from its strategic location within Richmond Centre, a 700,000 square foot regional shopping center anchored by major retailers including Meijer, Cinemark, Belk, JCPenney, HomeGoods, TJ Maxx, Dick's Sporting Goods, and Ulta. Further enhancing the area's appeal, a 216-unit apartment development is slated to begin construction in 2025 just north of the site, and a new neighborhood and middle school are under construction on Goggins Lane. Richmond/Madison County is one of Kentucky's fastest-growing communities, making this a truly exceptional investment opportunity in a dominant retail location between Lexington and Knoxville. The property's prime location and zoning make it an ideal investment for developers seeking high-traffic exposure and strong growth potential.

Highlights

  • 1.5-3 acres of restaurant-zoned land available.
  • 3.5-7 acres of land suitable for hotel or apartment development.
  • Dual access points from Barnes Mill Rd (SR 876) via Lantern Ridge Drive.
  • High visibility from I-75 within Richmond Centre, a 700,000+ SF regional mall anchored by major retailers including Meijer, Belk, and Dick's Sporting Goods.
  • 216-unit apartment complex planned for construction north of the site in 2025.
  • New residential development and middle school under construction nearby.

Property Details for 0 Lantern Ridge Dr

Property type
Other land, Land
Lot Size (sq. ft)
65,340 SF

Location Insight

City
Richmond
County
Madison
State
Kentucky
Latitude
37.7416131
Longitude
-84.325038
Lantern Ridge Dr, Richmond, Kentucky

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0 Lantern Ridge Dr
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