Prime Richmond Road, Lexington Land Opportunity For Lease, BTS or Sale
Vacant Land
for Sale
| Catylist Listing ID: |
30754141 |
| Property Subtypes: |
Retail, Retail-Pad
|
| Gross Land Area: |
1.30 Acres
|
| Sale Price: |
$1,300,000 |
| Unit Price: |
$1,000,000 Per Acre |
| Sale Terms: |
Undisclosed |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/1/2024 |
Overview / Comments
Available for sale, ground lease or build to suit is prime retail or restaurant opportunity with a 1.3 ± acre outlot. The site features excellent street-front visibility from the heavily-trafficked Richmond Road, which receives 40,088 VPD (19). A large pylon signage is available solely for outlot use, and a 3-tenant pylon sign is also available for the retail center. The site possesses convenient access to two signalized traffic lights and a cut off Richmond Rd directly in front of the site.
This property is situated in a prominent retail and restaurant hub only four miles from the University of Kentucky, the state flagship university with 30,000 ± full-time students and 16,000 employees. It is located in front of Lowe’s and is across from a newly constructed retail development that includes FirstWatch, Skyline Chili and LaRosa’s Pizzeria.
It is centrally located on Richmond Road between New Circle and Man O’ War, and the surrounding area boasts dense residential and a thriving daytime population and is home to a wide array of employers, including Valvoline World Headquarters, Aramark and International Paper. Immediate retailers and restaurants include Lowe’s, Kroger, Home Depot, Burlington, Chili’s, Panera Bread, Krispy Kreme, Starbucks and Walgreens.
|
Additional Details
| Nearest MSA: |
Lexington-Fayette |
| County: |
Fayette |
| Tax ID/APN: |
25833025 |
| Zoning: |
C1 |
| Property Located Between: |
Located between Richmond Road and Old Todds Road |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Richmond Road |
| Traffic/Vehicle Count: |
40,088 |
| Highway Access: |
Located less than a mile away from E. New Circle Road |
| Site Description: |
Prominent retail and restaurant hub situated four miles from the University of Kentucky, the state flagship university with 30,000 ± full-time students and 16,000 employees |
| Area Description: |
Surrounding area boasts dense residential and a thriving daytime population and is home to a wide array of employers, including Valvoline World Headquarters, Aramark and International Paper |
| Zoning Description: |
C1 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
17,437 |
121,889 |
215,558 |
| Median Age: |
32.75 |
33.9 |
34.59 |
| Households: |
8,389 |
53,746 |
93,202 |
|
© 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.
|
