RICHMOND LAND PARCEL 15.6 ACRES Acre Land Parcel Commercial Development Opportunity. Parcel 1 Richmond Centre Richmond, Kentucky

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1 RICHMOND LAND PARCEL 15.6 ACRES Acre Land Parcel Commercial Development Opportunity Parcel 1 Richmond Centre Richmond, Kentucky

2 Confidentiality Statement 1 This is a Confidential Offering Memorandum intended solely for your limited use and benefit in determining whether you desire to express any further interest in the purchase of the 15.6 acre land parcel in Richmond, Kentucky. This Offering was prepared by Commercial Kentucky, Inc. and has been reviewed by representatives of the owner. It contains selected information pertaining to the 15.6 acre parcel and does not purport to be all-inclusive or to contain all of the information which prospective purchasers may desire. It should be noted that all financial projections are provided for general economy, competition, and other factors beyond the control of the owner and, therefore, are subject to material variation. Additional information and an opportunity to inspect the property will be made available to interested and qualified prospective purchasers. Neither the owner nor Commercial Kentucky, Inc. nor any of their respective officers have made any representation or warranty, expressed or implied, as to the accuracy or completeness of this Offering or any of its contents, and no legal commitments or obligations shall arise by reason of this Offering or its contents. The owner and Commercial Kentucky, Inc. expressly reserves the right, at their sole discretion, to reject any or all expressions of interest or offers to purchase the 15.6 acre parcel and/or to terminate discussions with any entity at any time with or without notice. The owner shall have no legal commitment or obligation to any entity reviewing this Offering or making an offer to purchase the 15.6 acre parcel unless and until a written agreement for the purchase of the property has been fully executed, delivered, and approved by the owner and any conditions to the owner s obligations there under have been satisfied or waived. By receipt of the Offering, you agree that this Offering and its contents are of a confidential nature, that you will hold and treat in the strictest confidence, and that you will not disclose this Offering or any of its contents to any other entity without the prior written authorization of the owner nor will you use this Offering or any of its contents in any fashion or manner detrimental to the interest of the owner or Commercial Kentucky, Inc. The terms and conditions stated in this section will relate to all of the sections of the Offering as if stated independently therein. If, after reviewing this Offering, you have no further interest in purchasing the property at this time, kindly return this Offering to Commercial Kentucky, Inc. at your earliest possible convenience. Photocopying or other duplication is not authorized.

3 2 TABLE OF CONTENTS PROPERTY DESCRIPTION REGIONAL MAP CITY MAP AERIAL MAPS PROPERTY SURVEY ZONING MAP RICHMOND CENTRE MAP TRAFFIC COUNT MAP DEMOGRAPHIC STATISTICS

4 Property Description 3 OFFERING We are pleased to offer this +/ acre land parcel for sale in Richmond, Kentucky. The property is commercial zoned and located near the Barnes Mill Road exit of I-75. It enjoys very good access and visibility from the interstate. As it is located next to popular Richmond Centre, this parcel is a natural for mixed use development including office, lodging, restaurant, retail and highway services. PRICE $3,250, LOCATION This land parcel is identified as Parcel 1, per the attached survey, and is located on the north side of Richmond Centre. Richmond Centre is a regional shopping center located at the northwest quadrant of I-75 and Barnes Mill Road. Lantern Ridge Road provides access through Richmond Centre to the property. Richmond Centre is a 120 acre, 800,000 square foot regional shopping and lifestyle center that includes major retailers such as Belks, Meijers, T.J. Maxx and Cinemark Theatres. Also, located in and around the center are Culvers, Logans, and Olive Garden restaurants, Forcht Bank, Tire Discounters and hotels including Hampton Inn and Holiday Inn Express. The Brookline single family subdivision is located directly to the north. PROPERTY DESCRIPTION The parcel is irregular in shape or slightly rectangular. It sits next to and prominently above I- 75 which provides very good visibility for any development. The property is essentially flat to slightly up sloping toward the north. There is a detention basin on the south side of the property. ZONING B-3, Highway Business District The purpose of the B-3 District is to establish areas that are 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 at interchange areas along I-75.

5 Property Description 4 TRAFFIC COUNTS According to traffic maps, an average of 52,500 cars pass along I-75 per day. Barnes Mill Road has an average of 11,500 cars per day. EASEMENTS There is a detention basin located on the south side of the property. DEMOGRAPHICS Madison County contains 85,700 people and 33,100 households with a median income of $42,200. It s important to note that Richmond Centre is a large regional lifestyle center that draws shoppers, diners and movie-goers from surrounding counties. Additionally, Richmond Centre draws people from Eastern Kentucky, as it is conveniently located in the region and is easily accessible via I-75.

6 REGIONAL MAP 5

7 CITY MAP 6

8 AERIAL MAP 7

9 AERIAL MAP 8

10 PROPERTY SURVEY 9

11 ZONING MAP 10

12 RICHMOND CENTRE MAP 11

13 TRAFFIC COUNT MAP 12

14 DEMOGRAPHIC STATISTICS 13 Description Madison County, Kentucky Population Total County Percentage 2018 Projection 89, Estimate 85, Census 82, Census 70,872 Growth % Households 2017 Projection 2012 Estimate 34, Census 33, Census 31,973 27,155 Growth Tenure of Occupied Housing Units 17.74% Owner Occupied 33,115 Renter Occupied 20, % 13, % 2013 Est. Average Household Size Est. Households by Household Income Income Less than $15,000 33,115 Income $15,000 - $24,999 5, Income $25,000 - $34,999 4, Income $35,000 - $49,999 3, Income $50,000 - $74,999 4, Income $75,000 - $99,999 6, Income $100,000 - $124,999 3, Income $125,000 - $149,999 1, Income $150,000 - $199,999 1, Income $200,000 - $249, Income $250,000 - $499, Income $500,000 and over Est. Average Household Income $54, Est. Median Household Income $42,198

15 RICHMOND LAND PARCEL 15.6 ACRES For more information contact: Sam English, CFA Commercial Kentucky, Inc. 333 East Main Street Louisville, KY Phone