Lexington Development Land

Vacant Land for Sale
Catylist Listing ID: 30855737
Property Subtypes: Multi-Family, Office, Retail, Other
Gross Land Area: 12.51 Acres
Sale Price: $3,700,000
Unit Price: $295,763 Per Acre
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/20/2024

Overview / Comments

We are pleased to bring to market an exceptional opportunity for developers – a prime 12.51-acre lot for sale, located just inside the I-64 and I-75 interchange in Lexington, KY. The three separate parcels of land are currently a baseball facility ready to be transformed into a dynamic commercial venture. 475 Haggard Lane is zoned B-3 (Highway Business), 495 Haggard Lane and 450 Radcliffe Rd are zoned B-1 (Neighborhood Business). The business zoning allows for a wide spectrum of potential uses, from retail and office spaces to mixed-use developments. Additionally, there is serious potential for multifamily development as the city of Lexington has a strong demand for infill housing. Contact the agents for more information on zoning and potential uses in the B-1 and B-3 zone.

Highlights:
10.42 AC of B-1
2.09 AC of B-3
Short distance to the I-75/I-64 interchange
Rare Lexington infill development opportunity

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Tax ID/APN: 25544300
Zoning: B-1: B-3
Property Visibility: Excellent
Highway Access: Short distance to the I-75/I-64 interchange
Area Description: Lexington, Kentucky has been rated as one of America's premier cities by some magazine, the U.S. Census Bureau, Cognetics consulting group, Dun & Bradstreet, Ladies Home Journal, and Places Rated Almanac - just to name a few. Most people think of rolling countryside with stone fences, great basketball action, horse farms, Thoroughbred racing at Keeneland, a diverse economy, and outstanding schools, colleges and universities. 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: 10,806 65,591 157,541
Median Age: 37.67 36 34.82
Households: 4,123 27,755 65,620
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