Commercial Development Opportunity Near the Bypass

Vacant Land for Sale
Catylist Listing ID: 30740913
Property Subtypes: Hospitality, Office, Retail, Other
Gross Land Area: 38.15 Acres
Sale Price: $1,795,000
Unit Price: $47,051 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/2/2021

Overview / Comments

We are pleased to present this prime development opportunity in growing Jessamine County, located in Nicholasville, Ky. Since 2010, Jessamine Co is the 12th fastest growing Co in the entire state of Kentucky (having grown 12.7%). Zoned B-2, these 38.15 acres are primed for commercial development. The parcel extends from corner acreage on Danville Rd and Hoover Pike to busy Comfort Inn on All Star Way. Potential buyers and developers will notice the unique frontage along Danville Rd (US-27), plenty of room to develop behind the required setbacks, and potential to control the corner of Danville Rd and Hoover Pike.

HIGHLIGHTS:
Premier Nicholasville, Ky Development Land just off US-27 in the path of progress.
38.15 acres zoned B-2.
19,537 VPD on US-27 (Danville Rd).
Marketing package includes detailed site plan for future development (for marketing purposes only).
Nearby Wilmore, Ky (6.2 miles) is Kentucky's fastest growing city in 2021.
Previously approved development plan had two entrances.
Just 6 minutes from downtown Nicholasville Rd & 11 miles from Brannon Crossing, a premier Nicholasville Ky development.
Ballpark receives ~2,000 visitors each weekend
Kentucky boasts of being within a day’s drive of two-thirds of the U.S. Population

Additional Details

Nearest MSA: Lexington-Fayette
County: Jessamine
Tax ID/APN: 048-00-00-008.01
Zoning: B-2
Property Visibility: Excellent
Area Description: Nicholasville, KY

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 21,557 34,059
Median Age: 34.13 34.82
Households: 7,970 12,652
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