I-1 Zoned Land
Vacant Land
for Sale
Sale Pending/Contingent
Also listed as Industrial
| Catylist Listing ID: |
30272179 |
| Property Subtypes: |
Industrial
|
| Status: |
Pending/Contingent |
| Gross Land Area: |
99.64 Acres
|
| Sale Price: |
$39,500 Per Acre |
| Total Price: |
$3,935,780 |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/10/2024 |
Overview / Comments
|
+/-99.64 acres of development land with mixed-use potential for sale. Owner will divide; sewer nearby. Railroad spur available; Norfolk Southern Railway is adjacent to the east boundary of the site. Located on Bypass/McClelland Circle in southeast Georgetown with easy access to I-75/I-64 and Georgetown's Central Business District. Georgetown is one of Kentucky's fastest growing communities and the American home of Toyota's Camry, Solara, and Avalon production facility; Toyota started building the Lexus ES 350 in 2015 (investing $360 million and creating 750 new jobs to produce 50,000 vehicles annually) Source: Toyota. Additional +/-22.69 acres of land for sale by same owner just across McClelland Circle on Quality Drive.
|
Additional Details
| Nearest MSA: |
Lexington-Fayette |
| County: |
Scott |
| Tax ID/APN: |
168-40-213.000 |
| Zoning: |
I-1 LIGHT INDUSTRIAL AND I-1 (ELSI) ENVIRONMENTALLY SENSITIVE LIGHT INDUSTRIAL |
| Property Visibility: |
Excellent |
| Area Description: |
The property is located just off the Bypass/McClelland Circle on Quality Drive. The Georgetown/Scott County area has been increasing rapidly in recent years. Both Georgetown and Scott County have experienced employment increases. The well-established horse industry, recent expansion to several of the local manufacturing companies, the firm commitment of the Toyota Motor Manufacturing plant, the new 125,000 sf Kroger Marketplace and new high school shows steady growth for Georgetown and Scott County.
|
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
6,364 |
27,921 |
36,367 |
| Median Age: |
31.73 |
32.87 |
33.78 |
| Households: |
2,493 |
10,387 |
12,623 |
|
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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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