Surface Parking Lot For Sale - Downtown Lexington

Vacant Land for Sale
Catylist Listing ID: 30817552
Gross Land Area: 0.35 Acres
Sale Price: $450,000
Unit Price: $1,285,714 Per Acre
In Opportunity Zone? Yes
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 9/26/2023

Overview / Comments

Rare opportunity to purchase a surface parking lot in Downtown Lexington. The property consists of roughly 40 parking spaces with both long and short term leasing potential. With lot dimensions of roughly 96' feet of road frontage and a depth of roughly 165', this site is also ripe for redevelopment. Property is located within the Opportunity Zone and is Zoned B-2a (Downtown Frame Business) which includes residential, office and retail uses.

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Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Tax ID/APN: 16129300
Zoning: B-2A
Property Visibility: Good
Largest Nearby Street: North Upper St.
Area Description: Located less than three blocks from Main St and adjacent to Transylvania Avenue.
Lot Frontage: 96'
Lot Depth: 165"
Zoning Description: B-2A - Downtown Frame Business
Topography: Level

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,062 129,037 235,865
Median Age: 32.17 34.56 35.37
Households: 9,858 53,605 100,139
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