Catylist ID:
#30853492
2.36 Acres with over 500 ft of Bypass Frontage
Vacant Land
for Sale
| Catylist Listing ID: | 30853492 |
| Property Subtypes: | Office, Retail, Retail-Pad |
| Gross Land Area: | 2.36 Acres |
| Sale Price: | $850,000 - 1,200,000 Per Acre |
| Total Price: | $2,006,000 - 2,832,000 |
| Land Splits Available: | Yes |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 3/30/2024 |
Overview / Comments
|
Rarely available, highly visible development opportunity with over 500 feet of Bypass frontage at what could be a traffic signaled entrance! Many possibilities for development here, see enclosed link below to access over 10 conceptual development site plans for ideas/examples. Two curb cuts/points of access along Ashton Grove Path are approved for mutual use, see enclosed site plans showing their locations. Zoned B-4, allowing a multitude of retail uses including but not limited to Convenient Store/gas station, financial institutions, professional office, restaurant, QSR with drive through, service retail, car wash, and general merchandise. Owner will consider offers to Purchase, Ground Lease, or Built to Suit, for all of the property as well as for subdivision. Owner/Agent |
Attachments & Media
Additional Details
| Nearest MSA: | Lexington-Fayette |
| County: | Scott |
| Tax ID/APN: | 168-30-021.000 |
| Zoning: | B-4 |
| Property Visibility: | Excellent |
| Largest Nearby Street: | McClelland Circle |
| Feet of Frontage: | 541 |
| Area Description: | This site is ideally located across the street from the booming Kroger Marketplace Center and Landmark Shopping Center, adjacent to the Landmark Office Park which includes UK Health Care and Baptist Health, and directly in front of the Ashton Grove Senior Community which features assisted living, memory care, and independent living cottages. Two large scale developments are also underway in the immediate area, including Parkview Medical Plaza, which is a 20 acre Aldi and Georgetown Community Hospital anchored development + surrounding retail directly across the street, and plans are underway for Publix anchored center just west of the property slated for 2025/2026 development. The immediate area has seen significant growth in recent years in retail, housing, medical, and senior living. According to the US Census Bureau, Scott County was the fastest growing county in Kentucky in 2013. |
| Lot Frontage: | 541 feet |
| Lot Depth: | 1275 feet |
| Zoning Description: | B-4 |
| Topography: | Level |
| Easements Description: | typical |
| Available Utilities: | Electric, Water, Storm Drain |
| Water Service: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 5,711 | 25,685 | 37,407 |
| Median Age: | 32.02 | 32.99 | 33.87 |
| Households: | 2,151 | 9,560 | 12,987 |
| © Copyright 2024 Moody's. All Rights Reserved. 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. |
