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1985 Richmond Street - 23 +/- Acres Along I-75

23 Acres of Commercial Land Offered at $1,250,000 in Mount Vernon, KY 40456

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Investment Highlights

Highly Visible from Interstate With 50K VPD

Executive Summary

This is a prime opportunity to capitalize on Renfro Valley's exciting growth and flourishing tourism industry. Hoteliers, retailers, developers,
and investors of all types – don't miss this exceptional opportunity!

Offering Memorandum

Property Facts

Price	$1,250,000	Property Type	Land
Sale Type	Investment or Owner User	Property Subtype	Commercial
Sale Conditions	1031 Exchange Ground Lease (Leased Fee) Redevelopment Project	Proposed Use	Commercial Industrial Retail Office Hospitality Apartment Units Storefront, Retail or Office
No. Lots	1	Total Lot Size	23.00 AC

Price	$1,250,000
Sale Type	Investment or Owner User
Sale Conditions	1031 Exchange Ground Lease (Leased Fee) Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Industrial Retail Office Hospitality Apartment Units Storefront, Retail or Office
Total Lot Size	23.00 AC

1 Lot Available

Lot

Price	$1,250,000	Lot Size	23.00 AC
Price Per AC	$54,348

Price	$1,250,000
Price Per AC	$54,348
Lot Size	23.00 AC

This exceptional 23-acre parcel boasts unmatched exposure along I-75, a major north-south transportation artery experiencing heavy traffic volumes just shy of 50,000 vehicles daily (2022). Situated with direct access to Exit 62.

Description

This Exceptional 23-Acre Parcel Boasts Unmatched Exposure Along I-75, a Major North-South Transportation Artery Experiencing Heavy Traffic Volumes Just Shy of 50,000 Vehicles Daily (2022). Situated with Direct Access to Exit 62, One of Only 16 Exits on The 140 Mile Stretch Between Knoxville, Tn, and Richmond, Ky, the Property Offers Strategic Connectivity to Both I-75 Northbound and Southbound Traffic. Exit 62 Serves as A Vital Gateway to Highway 461 and The Lake Cumberland Parkway, a Key Route for Travelers Headed Towards Somerset, Ky, and The Popular Lake Cumberland Recreational Area. Highway 461 Is Undergoing a Significant Widening Project to Accommodate Growing Traffic Demands, Further Enhancing the Property's Accessibility. Renfro Valley Is a Thriving Tourism Destination, with The Kentucky Music Hall of Fame Serving as A Major Entertainment Hub Attracting Visitors from Across the Region, Including , but Not Limited To, Lexington, Cincinnati, Louisville, Columbus, Nashville, and Indianapolis. This Is a Prime Opportunity to Capitalize on Renfro Valley's Exciting Growth and Flourishing Tourism Industry. Hoteliers, Retailers, Developers, and Investors of All Types – Don't Miss This Exceptional Opportunity!

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