Nicholasville Road Redevelopment Opportunity

Vacant Land for Lease
Catylist Listing ID: 30431448
Property Subtypes: Retail, Retail-Pad
Gross Land Area: 0.67 Acres
Lease Rate: See Agent
Lease Types: See Agent
Last Updated: 11/21/2022

Overview / Comments

We are pleased to present this exciting opportunity to Ground Lease 0.67 acres on Nicholasville Rd - Lexington's main retail corridor.

Zoned B-1, this property is currently laid out as a 15,000 sf building on 0.67 acres but could be re-developed into a Fast-Casual Restaurant, Free-Standing Retail, Office, etc.

Conveniently located at a light on Lexingtonā€™s prominent retail corridor (40,235 VPD) this offering has neighboring tenants such as Traditional Bank, Freddy's, Panera Bread, Kroger, Fazoli's, Chick-fil-A, Trader Joe's, Baptist Health Hospital, and many others. This property has incredibly easy access to and from New Circle Rd 0.8 miles to the south. Additionally, award-winning Baptist Health Hospital is 0.8 miles north of this opportunity on Nicholasville Rd, and 1.3 miles from the University of Kentucky.

Highlights:
Redevelopment Ground Lease / BTS available on Nicholasville Road
Currently 15,000 sf building on .67 acres
B-1 Zoning
0.3 miles from Southland Dr | 0.8 miles from New Circle Road | 0.8 miles from Baptist Health Hospital | 1.3 miles from the University of Kentucky
Prime Retail Corridor

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Tax ID/APN: 11075553
Zoning: B-1
Property Visibility: Excellent
Largest Nearby Street: Nicholasville Rd
Area Description: Lexington, Kentucky has been rated as one of America's premier cities by some of the most noted and revered industry standard-bearers, such as Forbes magazine, the U.S. Census Bureau, Cognetics consulting group, Dun & Bradstreet, Ladies Home Journal, and Places Rated Almanac - just to name a few. Most people think of rolling countryside with stone fences, great basketball action, horse farms, Thoroughbred racing at Keeneland, a diverse economy, and outstanding schools, colleges and universities. Our community ranks high in quality of life factors, such as health care, public safety, educational attainment, and quality family living. The area also measures high among the best places for business location, creativity, entrepreneurial growth, and career relocation. Residents of competing cities view Lexington as a beautiful place, with great schools, an innovative health care system, a strong economy, and mountains of potential.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,255 150,332 246,339
Median Age: 37.1 34.98 35.62
Households: 6,037 65,505 104,752
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