DEVELOPMENT OPPORTUNITY! Discover 40.06 acres along Goggins Lane adjoining the Richmond city limits, offering exciting possibilities for future residential development or long-term investment. Preliminary discussions with local planning officials have indicated potential for annexation into the City of Richmond, opening the door for buyers to explore future development opportunities. The property is currently zoned UC-7, with frontage on two roads and a mix of open, gently sloping ground and wooded areas. Public water serves the property, and the seller installed a fire hydrant at the front connected to the main water line. Existing improvements include a 4,132 sq ft brick ranch, a 30 x 40 metal barn with electric and concrete floor, a 2.29-acre pond, and gated entry, giving a buyer usable structures while planning next steps. With substantial acreage and a convenient location, this property presents an opportunity for builders, developers, and investors. Annexation, rezoning, subdivision, and development are subject to applicable governmental approvals. Buyers to verify all development possibilities, utility availability and capacity, sewer options, and requirements.
| MLS # | 25014866 |
|---|---|
| Listing Type | For Sale |
| Style | Farm or Ranch |
| Sub-Type | Resale |
| Status | Active |
| Year | 1980 |
| Days On Site | 489 |
| Listing Provided By | Berkshire Hathaway HomeServices Foster Realtors | Daphne Jewell |
| Bed(s) | 3 |
|---|---|
| Bath(s) | 5 Total |
| SQ Feet | 4,131 |
| Story(s) | 1 |
| Zoning | UC-7 |
| Acreage | 40.06 |
| Property View | Lake, Rural, Trees, Woods |
| Rooms Total | 2 |
|---|---|
| Cooling | Electric, Heat Pump |
| Heating | Electric, Heat Pump, Propane Tank Owned, Other |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Entrance Foyer |
| Lot Features | Gentle Sloping |
|---|---|
| Fencing | Wire, Other |
| Garage Yes / No | Yes |
|---|
| Sewer | Septic Tank |
|---|
| State | KY |
|---|---|
| County | Madison |
| City | Richmond |
| Zip Code | 40475 |
| Area | 008 Madison County |
| Subarea | Madison County |
| Community Name | Rural |
| School District | Madison County |
| Elementary School | White Hall |
| High School | Madison Central |
| Listing VS Median (in Rural) | |
Price: $1,450,000 low | high Med: $299,900 sqft: 4,131 low | high Med: 3,000 $ / sqft: $351 low | high Med: $112 On site: 489 low | high Med: 190.5 | |
| State | KY |
|---|---|
| County | Madison |
| City | Richmond |
| Zip Code | 40475 |
| Area | 008 Madison County |
| Subarea | Madison County |
| Community Name | Rural |
| School District | Madison County |
| Elementary School | White Hall |
| High School | Madison Central |
| Listing VS Median (in Rural) | |
Price: $1,450,000 low | high Med: $299,900 sqft: 4,131 low | high Med: 3,000 $ / sqft: $351 low | high Med: $112 On site: 489 low | high Med: 190.5 | |
![]() | $1,450,0004023 Goggins LaneRichmond, KY 40475 |