Richmond/Madison County Property
Richmond-Madison County Property
Located in the heart of Bluegrass country, this property is easily accessible, highly visible and suited for a variety of needs. Most importantly, because the major utility work has been completed and a favorable zoning climate exists, the land is ready for development.
More about Richmond-Madison County and Kentucky:
- The population of Richmond is 32,000, and Madison County is 85,000.
- Since 2011 in Madison County, more than $35 million in investments have led to business locations and expansions that are expected to create up to 275 new jobs.
- Madison County has a large, available and affordable labor pool, where the average weekly wages are 30 percent below the national average.
- There are 10 four-year colleges and universities as well as several community and technical colleges within 30 miles of the county.
- Kentucky’s business costs are among the lowest in the country. A 2012 CNBC report ranked Kentucky’s business costs the lowest in the United States and fourth in cost of living.
- Kentucky has the lowest cost of electricity in the industrial sector among states east of the Mississippi River, the fourth lowest nationally and nearly 21 percent lower than the national average as of December 2013.
- Kentucky ranks as the seventh most business-friendly state in the country for new firms and the sixth lowest cost state in the country for new corporate headquarters, according to a 2012 Tax Foundation report.
The property is:
- More than 1,400 acres with any acre range available.
- Located on three corners off I-75 at exit 83 between Richmond and Berea:
- The southeast corner has a total of 1,035 acres
- The southwest corner has 268.8 acres
- The northwest corner has 113.9 acres
- An ideal location for commercial/industrial or retail.
- Currently zoned commercial/mixed use.
- Fully equipped with utilities and critical infrastructure – 12-inch sewer lines, 8-inch gas lines, 12-16 inch water lines and electric onsite.
- Relatively flat with minimal excavation required.
- Within a 45-mile radius of more than 500,000 people with an average household income of more than $62,000.
The possibilities for this property are numerous and diverse.
The property is well-suited to commercial/industrial:
- Kentucky ranks third in the country for car production and second for light trucks, making more than 1 in 10 vehicles produced in Kentucky. It has four automotive plants and 460 vehicle-related facilities. Some of the biggest – Toyota and Hitachi – are located right here in Central Kentucky.
- Quick access to two major interstates and rail lines provide convenient transportation.
This is a prime retail location:
- Approximately 55,000 cars drive by the property every day.
- The property is located at Exit 83 of I-75, which is the major link between the Great Lakes and South Florida. It is less than 30 miles to the I-64 connector.
- It is less than 30 miles to the I-64 connector.
- There are 19 million people living within a 200-mile radius of the property.
It could be home to a thriving specialty in adventure tourism/hunting/fishing retail:
- More than 10 million people access the 130,000 acres of lakes that are within a two-hour drive.
- Kentucky has the largest elk herd east of the Mississippi.
- The state has more coastline than Florida and more miles of navigable water than any other state in the continental United States.
- Kentucky has more than 12,000 miles of ATV and off-road trails.
- Tourists spent more than $1.7 billion in this region in 2013.