COMMERCIAL CORNER LOT - SOUTHLAND DRIVE
Vacant Land
for Sale
| Catylist Listing ID: |
30871674 |
| Property Subtypes: |
Office, Retail, Retail-Pad, Other
|
| Gross Land Area: |
0.47 Acres
|
| Sale Price: |
$799,000 |
| Unit Price: |
$1,700,000 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/25/2024 |
Overview / Comments
|
Excellent commercial corner lot, zoned B-1 and located on one of Lexington's best known and busiest business corridors, with a traffic count of +/- 13,200 cars per day. Great location for a coffee shop, doughnut shop, telephone store, bank branch, just to name a few. Southland Drive was the subject of an extensive renovation project in 2020. The renovations included installation of new sidewalks, drainage system improvements, lots of new landscaping, new pavement, and widening of the street to allow for the new center turning lane, as well as new bicycle lanes running from end to end. The improvements served to make a very desirable business area, even more desirable.
|
Additional Details
| Nearest MSA: |
Lexington-Fayette |
| County: |
Fayette |
| Taxing Authority: |
Fayette County |
| Tax ID/APN: |
11565400 |
| Zoning: |
B-1 |
| Property Located Between: |
Nicholasville Rd. and Rosemont Garden Drive |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Nicholasville Rd. |
| Feet of Frontage: |
165 |
| Traffic/Vehicle Count: |
13,200 |
| Highway Access: |
Direct access onto Southland drive |
| Airports: |
Bluegrass |
| Site Description: |
Prime Vacant Land. There was formerly a gas station located on the property, the building has been removed. Shield Environmental Associates has removed underground tanks, and is currently working to finish the site remediation work. |
| Area Description: |
Very active business area, surrounded by lots of single family, as well as multi family homes. |
| Lot Frontage: |
165 Ft. +/- |
| Lot Depth: |
125 |
| Zoning Description: |
B-1 Neighborhood business |
| Topography: |
Level |
| Available Utilities: |
Electric, Water, Gas, Sewer, Cable |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
14,641 |
154,513 |
249,115 |
| Median Age: |
37.4 |
35.22 |
35.57 |
| Households: |
6,643 |
66,242 |
105,833 |
|
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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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