Park View Land

Vacant Land for Sale
Catylist Listing ID: 30271275
Property Subtypes: Hospitality, Office, Retail
Gross Land Area: 2.38 Acres
Sale Price: $3,150,000
Unit Price: $1,323,529 Per Acre
In Opportunity Zone? Yes
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 5/15/2024

Overview / Comments

Hotel? Retail? Mixed-Use? We’ll let you decide. The possibilities are endless with over 2.38 contiguous acres of raw downtown land with expansive frontage on both Midland and Short Streets. Elevated parcels offer sweeping views of our unique downtown skyline and Lexington’s own Thoroughbred Park. Several existing curb-cuts and two-way streets make access a breeze to this highly visible and prominent site. Flexible B-2B zoning is already in place.

Property Highlights:

-Rare, Undeveloped acreage in Downtown
-Opportunity Zone
-Front Town Branch Trail
-Flexible B-2A zoning
-Awesome Views of Downtown & Thoroughbred Park
-Corner Location with excellent visibility

Attachments & Media

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Tax ID/APN: 13221300
Zoning: B-2B
Area Description: Located immediately next to Lexington’s Central Business District with the added benefit of easy access to I-75 via Winchester Rd. Town Branch Biking & Walking Trail will run adjacent to the Midland portion of this site, effortlessly connecting pedestrians throughout downtown to this site. A truly unique opportunity in a prime location where build-able land is scarce. You must view from the lookout bluff accessible from Race Street to truly appreciate the beauty and views of this special space.
Zoning Description: Downtown Frame Business

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 26,660 121,491 252,432
Median Age: 31.69 34.71 35.11
Households: 10,288 52,621 106,849


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