Development Site For Sale- New Circle Rd Frontage

Vacant Land for Sale
Catylist Listing ID: 30865095
Property Subtypes: Hospitality, Multi-Family, Office, Retail
Gross Land Area: 10.92 Acres
Sale Price: $1,596,000
Unit Price: $146,153 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/2/2024

Overview / Comments

Property Summary
• Total Site: 10.92± Acres
• 5.32± Useable Acres
- Based on proposed changes to B-6P zoning setbacks
• Frontage on West New Circle Road near Newtown Pike Overpass
• Next Door to Walmart Anchored Shopping Center
• Zoned B-6P Commercial Center
• Easy Access to I-64/I-75
• Ideal for Retail, Office, Hotel or Multi-family

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Tax ID/APN: 38251560
Zoning: B-6P COMMERCIAL CENTER
Property Located Between: W. New Circle Road & Newtown Pike
Property Visibility: Excellent
Largest Nearby Street: W. New Circle Road
In Flood Plain?: Yes

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,783 93,209 183,442
Median Age: 35.85 33.74 35.36
Households: 3,696 38,199 76,074

Contact

Photograph of Listing Agent

Michael P Somervell

CBRE Inc. KCREA Member
Photograph of Listing Agent

David L Hardy

CBRE Inc. KCREA Member
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