$320,000 Price Analysis 120 Nicklaus DrFrankfort, KY 40601 Unknown bed 0 bath unknown SqFt ($0/SqFt) 5.8 acre lot. Listed 2024-04-02 | Ⓧ USDA Ineligible due to property near Frankfort |
The 5.8 acres cnsist of Tracts 4 and 5 that includes 38 allocated building units in a Development plan - Planned Unit Development (PUD) The current owner has had an engineer draw up plans for either apartments, townhouses or condo bui ldings. There is a chance to increase density as Franklin Co Planning andZoning has allowed other areas to increase sewer manholes on site for easy access.
Frankfort Plant Board handles the water and cable. KU handles electric. Priced at less than $10, 000 per unit for land and sewer. Phase 1 Completely built out, a well ran HOA is in place if the new developer wants to annex. The development land wraps around # 10, #11 And #18 at Ducker's Lake Gulf Course (currently closed). The last new Sales in Phase 1 are transferring for $260, 000 to $280, 000.
Presented by Ronald Durham at
Heart of KY Real Estate.
Property MLS #24006157 from BLUEGRASS
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.