White Family Farm 30 Acre Development Site

Vacant Land for Sale
Catylist Listing ID: 30803138
Property Subtypes: Multi-Family, Office, Residential (Single Family)
Gross Land Area: 30 Acres
Sale Price: $350,000 Per Acre
Total Price: $10,500,000
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 6/25/2024

Overview / Comments

For the first time ever, approximately 30 Acres of the White Family Farm is for sale on Yorkshire Dr. in Lexington, KY. The White Family Farm is a 138-acre tract located at 3515 Richmond Rd. with appx 4,655 ft of frontage on Yorkshire Dr. and appx 1,280 sf of frontage on Richmond Rd. The property is wide open and gently rolls making it ideal for development. The 30 acres available for sale are located in the North East Section of the property which is currently zoned A-U, Agricultural Urban. Public facilities and services are available which are requirements for the city to consider rezoning for other uses. Conditional uses include apartments, senior housing, office, or medical office. Our engineer believes that the city will rezone for these uses. Preliminarily, our plan would be to construct an entry drive at the intersection of Yorkshire and Palumbo Drive which would access the 30-acre site. This is an outstanding opportunity to develop inside Lexington’s Urban Service Boundary at a highly visible location near the interstate!

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Tax ID/APN: 26987950
Property Visibility: Excellent
Area Description: The White Family Farm is located at 3515 Richmond Rd and the subject 30 acre tract sits at the North East section of the property with access to Yorkshire Dr., just a 5 minute drive from the Interstate. The subject property is adjacent to the Eagle Creek Mixed Use Development in the southeastern Lexington submarket. Eagle Creek contains more than 1M SF of primarily medical uses – St. Joe East Hospital, Lexington Clinic, KY One Health Medical and Women’s Clinic, UK Health Medical Offices, and numerous other private and public health care facilities and physician offices. Eagle Creek is situated in the southeast quadrant of Man O War Blvd. and Richmond Road, with a traffic count exceeding 90K cpd. Eagle Creek and the surrounding represent one of the busiest employment centers outside the Lexington CBD.
Zoning Description: AU - Agricultural Urban
Development Name: White Family Farm

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,442 74,062 182,378
Median Age: 35.63 34.15 34.69
Households: 4,257 32,366 78,628


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