Prime Richmond Road, Lexington Land Opportunity - Ground Lease or BTS

Vacant Land for Lease
Catylist Listing ID: 30751925
Property Subtypes: Retail, Retail-Pad
Gross Land Area: 1.30 Acres
Lease Rate: See Agent
Lease Types: See Agent
Last Updated: 5/31/2024

Overview / Comments

Available for sale, ground lease or build to suit is a 1.3 ± acre prime retail or restaurant opportunity. The site features excellent street-front visibility from the heavily-trafficked Richmond Road, which receives 40,088 VPD (19). A large pylon signage is available solely for outlot use. The site possesses convenient access to two signalized traffic lights and a cut off Richmond Rd directly in front of the site.

This property is situated in a prominent retail and restaurant hub only four miles from the University of Kentucky, the state flagship university with 30,000 ± full-time students and 16,000 employees. It is located in front of Lowe’s and is across from a newly constructed retail development that includes First Watch, Skyline Chili and LaRosa’s Pizzeria.

It is centrally located on Richmond Road between New Circle and Man O’ War, and the surrounding area boasts dense residential and a thriving daytime population and is home to a wide array of employers, including Valvoline World Headquarters, Aramark and International Paper. Immediate retailers and restaurants include Lowe’s, Kroger, Home Depot, Burlington, Chili’s, Panera Bread, Krispy Kreme, Starbucks and Walgreens.

Attachments & Media

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Tax ID/APN: 25833025
Zoning: C1
Property Located Between: Located between Richmond Road and Old Todds Road
Property Visibility: Excellent
Largest Nearby Street: Richmond Road
Traffic/Vehicle Count: 40,088
Highway Access: Located less than a mile away from E. New Circle Road
Site Description: Prominent retail and restaurant hub situated four miles from the University of Kentucky, the state flagship university with 30,000 ± full-time students and 16,000 employees
Area Description: Surrounding area boasts dense residential and a thriving daytime population and is home to a wide array of employers, including Valvoline World Headquarters, Aramark and International Paper
Zoning Description: C1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,437 121,889 215,558
Median Age: 32.75 33.9 34.59
Households: 8,389 53,746 93,202

Contact

Photograph of Listing Agent

Justin R Phelps

Hogan Real Estate KCREA Member
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