120 Nicklaus Drive

Frankfort, Kentucky, 40601 United States

Wonderful opportunity for a builder/developer to purchase and build out the lots and buildings in Phase II of The Condos at Duckers in southeast Franklin Co. The 5.8 acres consist of Tracts 4 and 5 at The Condos at Duckers and include 38 allocated building units in a development plan in this Planned Unit Development (PUD). The current owner has had an engineer draw up plans for either apartments, townhouses, or condo buildings. There is a chance to increase density as Franklin Co Planning & Zoning has allowed other areas to increase building units. Once the final development is approved, the developer can get right to work building roads, infrastructure, and utilities. Frankfort city sewer manholes on site for easy access. Frankfort Plant Board handles the water and cable/telecom. Kentucky Utilities handles the electric. Priced at less than $10,000 per unit for land with sewer on site, Phase 1 completely built out, and a well-run homeowners' association in place if the new developer wants to try to annex. The development land wraps around #10, #11, and #18 at Duckers Lake Golf Course (currently closed). The last new sales in Phase 1 are transferring for $260,000 to $280,000

Listing Courtesy of CENTURY 21 Commonwealth R E