Prime Development Opportunity in Richmond! Bring your next project to life with this newly rezoned R-2 property at 818 Barnes Mill Road. City approval has already been secured for 12 townhomes, allowing you to skip much of the rezoning process and move one step closer to breaking ground. Located just off the Eastern Bypass and walking distance to Eastern Kentucky University, this property offers outstanding convenience and strong potential for both resale and rental opportunities. With city utilities available, much of the groundwork has already been completed for your next development. Whether you're an experienced developer or looking for your next investment opportunity, this property is ready for your vision. Development-ready sites in this location are hard to find, making this an exceptional opportunity to build in one of Richmond's fastest-growing areas. Don't miss your chance to turn approved plans into a successful project!
Vacant landProperty Type
1.54 acresLot Size
$266,234Price/Acres
Listed by Deanna Tyler• Keller Williams Legacy Group
Listed by Courtney Jackson• Keller Williams Legacy Group
PRICE REDUCTION $329,000 Exceptional 1.5 acre commercial site right off off I-75 . Strategically positioned just a short distance from EKU By Pass and Exit 87, this prime property boasts city utilities availability and offers a favorable elevation. Ideal for various commercial endeavors, seize the opportunity for a thriving business venture in this strategic location. Price reduction $329,000
ImagineMLS #20105784
Apr 30, 2021
Pending
—
Apr 2, 2021
Listing Removed
—
Apr 2, 2021
Listed
$289,000
Apr 2, 2021
Listing Removed
—
ImagineMLS #20101569
Apr 2, 2021
Listing Removed
—
Jan 28, 2021
Listed
$289,000
Year
Property tax
Land + Additions
Assessment*
2025
$2,640 (+47.0%)
2024
$1,796 (+48.5%)
2023
$1,210 (+47.6%)
2022
$819 (−1.8%)
2021
$834 (+0.9%)
2020
$827 (+7.4%)
2019
$770 (−2.2%)
2018
$787 (+1.1%)
2017
$778
2016
$778 (+0.4%)
2012
$775
$20,000 + $95,000
$115,000
Public record
Public record
Zoning
Permits
Beds
—
Baths
—
Stories
1
Lot width
—
Lot depth
—
Lot size
1.54 Acres
Year renovated
—
Finished Sq. Ft.
1,514
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,514
Year built
—
Style
Single Family Residential
County
Madison County
APN
R002-0007-0013
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 2, 2026.
B-3
Highway Business District
The purpose of the B-3 District is to establish areas suitable for highway business uses only. This district is specifically designed to serve the traveling public. B-3 districts are generally located at intersections of major arterial streets or interchange areas along I-75. Strip development is not encouraged.
Permitted uses
Include but are not limited to:
Religious facility
Gas station
General retail
Restaurant
Hospital / medical center
Housing-Group
Self-Storage / mini-Storage
Hotel / motel
Office
Public service
Dec 12, 2023 • Active
Residential demolition
Demolish a house.
Demolition
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 101° expected this year, 19 days in 30 years
2/10 Wind Factor
3% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Richmond, KY • 40475
Average low and high temperatures (°F)
38
20
49
29
65
41
72
50
73
55
83
65
89
69
85
62
81
57
71
46
57
39
47
31
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
92/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.1 hrs
6.2 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 818 Barnes Mill Rd
$394,774
$15K under list price of $410K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $253K to $396K.