Interstate Access & Exposure on I-75 (Exit 97)

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30631781
Property Subtypes: Agricultural, Hospitality, Industrial, Mobile Home Park, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage, Other
Status: Pending
Gross Land Area: 4.35 Acres
Sale Price: $40,000 Per Acre
Total Price: $174,000
Land Splits Available: Yes
Sale Terms: Cash to Seller, Owner Financing, Other
Cap Rate: Undisclosed
Last Updated: 1/18/2021

Overview / Comments

Located about 10 min south of Lexington, this site formerly housed an asphalt plant to a non-local paving company.

It is conveniently located about 100' from the on ramp to I-75 (Igo Rd exit 97).

Utilities (KU & internet) are in place, the land is out of the floodplain, and much of the property is either paved or pounded gravel.

Potential uses for the site include warehouse/manufacturing, storage, fleet parking, office/industrial and retail – but any business seeking a convenient location by the interstate will enjoy the benefits of this location.

*UPDATE 8/17/2020*
The defunct truck stop across the street is going up for absolute auction Sept 16. There is expected to be a new owner/operator at that location very soon. Please contact me for more info.

Additional Details

Nearest MSA: Richmond-Berea
County: Madison
Taxing Authority: Madison County PVA
Tax ID/APN: 0038-0000-0021-A
Zoning: UC-7
Property Visibility: Good
Largest Nearby Street: I-75
Site Description: Rare parcel of UC7 land near the on-ramp to I-75. 10 min south of Lexington at exit 97, it sits out of the floodplain and has 2 points of entry along Carr Lane. It's mostly pavement and pounded gravel, with an elevation at the southern boundary and a paved road down to the northern section where an asphalt plant operated for many years.
Area Description: The area is growing as the suburban/rural sprawl accelerates. The property sits in the northern tip of Madison County, KY.
Lot Frontage: 748
Lot Depth: 350
Easements: Utilities
Easements Description: KU overhead wires, and the cable company (which can be moved, or run underground).
Available Utilities: Electric, Water, Broadband
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 5,444 7,556
Median Age: 39.57 40.5
Households: 1,997 2,835
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