7850 Veterans Memorial Parkway

Vacant Land for Sale
Catylist Listing ID: 30336581
Property Subtypes: Industrial, Multi-Family, Retail
Gross Land Area: 94.41 Acres
Sale Price: $3,300,000
Unit Price: $34,953 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/15/2019

Overview / Comments

Mixed use potential for land development approximately ½ mile from the I-64 interchange at the signalized corner Mt. Sterling Road (US Highway 60) and Veterans Memorial Parking (KY Highway 1958). The preliminary and conceptual Development Plan is slated to 54.8 acres of I-1 (Light Industrial), 13.7 acres of B-4 (General Business),18.6 acres of Multi-Family, and 7.3 acres of green space for a total of approximately 94.41 acres. The site has over 3,500 feet of road frontage on Veterans Memorial Parkway and 1,600 feet of frontage on Mt. Sterling Road. All utilities are at or in close proximity to the site.

Property Highlights:
-Seller willing to divide
-Signalized corner
-Over 5,000 feet of frontage
-54.8 acres of industrial land in a central KY market that has a lack of industrial inventory
-Outstanding accessibility to I-64 and the I-64/I-75 cross
-All utilities at or in close proximity to site
-Zoned PD

Additional Details

Nearest MSA: Lexington-Fayette
County: Clark
Zoning: P-D
Area Description: The subject site is located approximately ½ mile from the I-64 interchange at the signalized corner of Mt. Sterling Road (US Highway 60) and Veterans Memorial Parking (US Highway 1958). Future plans exist planning to connect the Winchester Bypass to Veterans Memorial Parkway at Exit 94/I-64. Located less than one mile from the Winchester Clark County Industrial Park, home to over 10,000 employees. Winchester, KY is within Lexington, KY’s MSA 20 miles east of Kentucky’s second largest market. Strategically located 22 miles from the I-64/I-75 cross the site location is ideal for a mixed use development in the growing and popular Winchester Market.
Zoning Description: The current zoning description is A-1 but will be changed in November.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,707 16,269 29,009
Median Age: 37.17 39 39.23
Households: 1,072 6,652 11,697
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