Surface Parking Lot For Sale - Downtown Lexington
Vacant Land
for Sale
| Catylist Listing ID: |
30817552 |
| Gross Land Area: |
0.35 Acres
|
| Sale Price: |
$425,000 |
| Unit Price: |
$1,214,285 Per Acre |
| In Opportunity Zone? |
Yes |
| Sale Terms: |
Undisclosed |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/17/2024 |
Overview / Comments
|
Rare opportunity to purchase a surface parking lot in Downtown Lexington. The property consists of roughly 40 parking spaces with both long and short term leasing potential. With lot dimensions of roughly 96' feet of road frontage and a depth of roughly 165', this site is also ripe for redevelopment. Property is located within the Opportunity Zone and is Zoned B-2a (Downtown Frame Business) which includes residential, office and retail uses.
|
Additional Details
| Nearest MSA: |
Lexington-Fayette |
| County: |
Fayette |
| Tax ID/APN: |
16129300 |
| Zoning: |
B-2A |
| Property Visibility: |
Good |
| Largest Nearby Street: |
North Upper St. |
| Area Description: |
Located less than three blocks from Main St and adjacent to Transylvania Avenue. |
| Lot Frontage: |
96' |
| Lot Depth: |
165" |
| Zoning Description: |
B-2A - Downtown Frame Business |
| Topography: |
Level |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
23,062 |
129,037 |
235,865 |
| Median Age: |
32.17 |
34.56 |
35.37 |
| Households: |
9,858 |
53,605 |
100,139 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Kentucky Commercial Real Estate Alliance nor
Moody's assume any liability for errors or omissions.
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