COMMERCIAL CORNER LOT - SOUTHLAND DRIVE

Vacant Land for Sale
Catylist Listing ID: 30871674
Property Subtypes: Office, Retail, Retail-Pad, Other
Gross Land Area: 0.47 Acres
Sale Price: $799,000
Unit Price: $1,700,000 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/26/2024

Overview / Comments

Excellent commercial corner lot, zoned B-1 and located on one of Lexington's best known and busiest business corridors, with a traffic count of +/- 13,200 cars per day. Great location for a coffee shop, doughnut shop, telephone store, bank branch, just to name a few. Southland Drive was the subject of an extensive renovation project in 2020. The renovations included installation of new sidewalks, drainage system improvements, lots of new landscaping, new pavement, and widening of the street to allow for the new center turning lane, as well as new bicycle lanes running from end to end. The improvements served to make a very desirable business area, even more desirable.

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Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Taxing Authority: Fayette County
Tax ID/APN: 11565400
Zoning: B-1
Property Located Between: Nicholasville Rd. and Rosemont Garden Drive
Property Visibility: Excellent
Largest Nearby Street: Nicholasville Rd.
Feet of Frontage: 165
Traffic/Vehicle Count: 13,200
Highway Access: Direct access onto Southland drive
Airports: Bluegrass
Site Description: Prime Vacant Land. There was formerly a gas station located on the property, the building has been removed. Shield Environmental Associates has removed underground tanks, and is currently working to finish the site remediation work.
Area Description: Very active business area, surrounded by lots of single family, as well as multi family homes.
Lot Frontage: 165 Ft. +/-
Lot Depth: 125
Zoning Description: B-1 Neighborhood business
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,641 154,513 249,115
Median Age: 37.4 35.22 35.57
Households: 6,643 66,242 105,833

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