I-75 Toyota Exit Corner

Vacant Land for Sale
Catylist Listing ID: 30355626
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad, Self Storage, Vacation/Resort
Gross Land Area: 1 - 4.55 Acres
Sale Price: $690,000 Per Acre
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Sale Terms: Undisclosed, Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/23/2019

Overview / Comments

Retail redevelopment opportunity. Up to 4.5 acres for sale at the corner of I-75 and Cherry Blossom Way at Exit 129 in Georgetown, Kentucky. The property is located along Cherry Blossom Way at Exit 129 adjacent to I-75. The property is less than one mile from Toyota Motor Manufacturing Plant, which is the largest Toyota manufacturing plant in the world, annually capable of producing 550,000 vehicles and more than 600,000 engines and over 8,000 employees. This great location allows easy access to I-75 and downtown Georgetown, +/-16 miles to Lexington, KY, +/-75 miles to Louisville, KY and +/-68 miles to Cincinnati, OH. Average daily traffic counts of +/-12,785 ('17) along Cherry Blossom Way and +/-51,753 ('16) along I-75 near the site. Entire Parcel Sale Price: $2,495,000 REDUCED! Subdivision Sale Price: $690,000 per acre REDUCED!

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Additional Details

Nearest MSA: Lexington-Fayette
County: Scott
Tax ID/APN: 162-20-002.000
Zoning: B-2, HIGHWAY COMMERCIAL
Property Visibility: Excellent
Site Description: The property is located just off I-75 at Exit 129 across from Delaplain Industrial Park and near the Toyota Plant. The Georgetown/Scott County area has been growing rapidly in recent years. Georgetown is the 8th fastest growing city in Kentucky with a population growth rate of 11% over a five year period. Both Georgetown and Scott County have experienced employment increases. The recent expansion to several of the local manufacturing companies, Toyota's $1.3 Billion commitment to re-tool the Toyota Motor Manufacturing Plant, the addition of a new 125,000 sf Kroger Marketplace, several new subdivisions and a new high school shows steady growth for Georgetown and Scott County.
Topography: Level

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,010 23,865
Median Age: 35.1 34.96
Households: 2,115 8,628

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