Lexington Development Opportunity

Vacant Land for Sale
Catylist Listing ID: 30257974
Property Subtypes: Retail-Pad
Gross Land Area: 0.56 - 5.55 Acres
Sale Price: $336,000 - 1,050,000
Land Splits Available: Yes
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 7/19/2019

Overview / Comments

Approximately 5.55+ acres of land available for sale in Lexington, Kentucky. This property provides excellent visibility and is at the corner of New Circle and Winchester Road. Join the newly constructed state of the art Infiniti dealership on one of the many lots available. Land can be subdivided into approx. 0.56 - 5.55+ acres (see site layout) to accommodate any size user. Current owner will sell, land lease, or consider build to suit options on the site. This property is zoned B-3 Business Highway which allows for a multitude of uses including retail, restaurants, hotel, car washes, gas stations, etc. Traffic counts are 43,969 VPD on New Circle Rd. and 31,744 VPD on Winchester Rd.

This property is minutes away from the new Frederick Douglas High School. Winchester Road is an arterial road that leads from downtown Lexington, past Hamburg, and to I-75.
Property is also available for land lease or build-to-suit.

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Tax ID/APN: 38260100
Zoning: B-3 BUSINESS HIGHWAY
Property Located Between: New Circle Rd & Winchester Rd
Property Visibility: Excellent
Site Description: Approximately 5.55+ Acres of Prime B-3 Zoned Land Can be Subdivided 0.56 - 5.55+ Acres (see site layout) Will Sell, Land Lease, or Build-to-Suit New Infiniti Dealership Open at Site Excellent Visibility on the Corner of New Circle and Winchester Road Traffic counts are 43,969 VPD on New Circle Rd. and 31,744 VPD on Winchester Rd. Close proximity to Frederick Douglas High School, Downtown Lexington, Hamburg, and I-75
Area Description: The Bluegrass has been rated as one of America's premier regions 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. 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: 11,973 99,910 204,869
Median Age: 38.24 35.44 34.43
Households: 5,388 42,377 88,507
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