Corner Lot for Sale in Lexington - North Broadway

Vacant Land for Sale
Catylist Listing ID: 30814361
Property Subtypes: Retail
Gross Land Area: 0.42 Acres
Sale Price: $580,000
Unit Price: $1,380,952 Per Acre
In Opportunity Zone? Yes
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 6/13/2024

Overview / Comments

Offered for Sale - A prime 0.42-acre corner lot in the bustling heart of Lexington. Nestled within the versatile B-1 Zone (Neighborhood Business), this property is an ideal match for a variety of business ventures. Situated at the intersection of West Loudon and North Broadway, it benefits from substantial traffic flow and offers several access points for easy entry and exit. Adding to its appeal, the site is surrounded by numerous retail establishments and is conveniently located just 1.5 miles from the vibrant Downtown Lexington and a mere 2 miles from the major thoroughfares of I-75 and I-64.

This property features two standalone buildings, offering a combined square footage of 7,374 SF, ideal for diverse business operations. The “left” building, encompassing 4,800 SF, presents a robust structure suitable for larger enterprises or retail set-ups. The “right” building, at 2,574 SF, is perfect for boutique businesses or professional services. Both buildings benefit from the site’s strategic location, enjoying high visibility and easy access for customers and clients. Ample parking available on-site further enhances convenience.

Property Highlights:
- The property features two versatile buildings, with the larger one at 4,800 SF and a smaller building at 2,574 SF, catering to a range of businesses.
- Strategically situated on a prominent corner in Lexington, the site enjoys high visibility with considerable traffic counts boosted by multiple egress points.
- The property’s prime location is further enhanced by its proximity to Downtown Lexington, major retail stores, and easy access to I-75/I-64, just 1.5 and 2 miles away respectively.

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Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Tax ID/APN: 16753500
Zoning: B-1
Property Visibility: Excellent
Largest Nearby Street: North Broadway
Site Description: Two vacant buildings on .42 acres, prime for redevelopment.
Zoning Description: Neighborhood Business

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,307 108,055 209,010
Median Age: 36.95 33.9 35.6
Households: 7,016 45,094 87,407

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