2.99 Usable Acres of Light Industrial Land For SALE

Vacant Land for Sale
Catylist Listing ID: 30857129
Property Subtypes: Industrial
Gross Land Area: 2.99 Acres
Sale Price: $1,050,000
Unit Price: $351,170 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/24/2024

Overview / Comments

We are pleased to bring to market an exceptionally rare tract of industrial frontage land located at 981 & 985 Freight Boulevard.

The two tracts combined have over 500 linear feet of frontage to Newtown Pike which sees on average 34,000 VPD/day. The two parcels contain 4.14 acres (gross) with the usable acreage at 2.99 acres. The land sits flat needing minor site work and is already entitled with all utilities to the site.

Viable uses for the rarely available I-1 zoning include but are not limited to: Self Storage, rental equipment retailers, oil change/service stations, office/flex space, as well as light manufacturing.

Design services for build-to-suit opportunities are available upon request.

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Tax ID/APN: 38266100
Zoning: I-1
Site 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: 12,121 109,535 185,191
Median Age: 35.8 33.81 35.63
Households: 4,905 44,425 76,963
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