Catylist ID:
#30786726
| Catylist Listing ID: | 30786726 |
| Property Subtypes: | Multi-Family, Office, Retail, Retail-Pad, Self Storage |
| Gross Land Area: | 1 - 5.30 Acres |
| Lease Rate: |
See Agent |
| Lease Types: | See Agent |
| Land Splits Available: | Yes |
| Adjacent Parcels Available: | Yes |
| Last Updated: | 5/1/2023 |
Overview / Comments
|
Extremely rare and needed infill redevelopment opportunity for Ground Lease and or Build to Suit at 1021-1059 S. Broadway. The +/- 5.3 acres is currently split zoned B-1 and B-4 and subject to re-zoning for the intended use. The site has +/- 460’ of frontage to S. Broadway and enjoy a traffic count of 31,700 (ADT) on S. Broadway and 23,100 (ADT) on Red Mile Road. The property is best suited for retail, restaurants, banks, assisted living, student housing, and health care. The site is divisible and expandable (Call Agent for details). Property Highlights: -Rare Infill Lexington Redevelopment Site -460' of Frontage to S. Broadway -Expandable and Divisible -Ground Lease or Build to Suit -31,700 (ADT) S. Broadway -University of Kentucky & Health Care District |
Attachments & Media
Additional Details
| Nearest MSA: | Lexington-Fayette |
| County: | Fayette |
| Tax ID/APN: | 10718225 |
| Zoning: | B-1/B-4 |
| Property Visibility: | Excellent |
| Largest Nearby Street: | South Broadway |
| Feet of Frontage: | 460 |
| Traffic/Vehicle Count: | 31,700 |
| Area Description: | A+ location close to the hard corner of S. Broadway and Red Mile Road. The property sits inside New Circle Road encompassed by the University of Kentucky (30,000 students and 14,000 employees), thousands of student housing beds, all main Lexington health care systems (UK, CHI Saint Joseph, Baptist Health, and the Lexington Clinic). Redevelopment has taken off of late on the S. Broadway corridor with The Hub mixed use development, The Gateway Student Housing Development, Lexington Clinic, UK Federal Credit Union, Wendy’s, Candlewood Suites, Elmwood Hotel & Suites, and much more to come. |
| Zoning Description: | Neighborhood Business/Wholesale and Warehouse Business |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 21,245 | 120,959 | 249,658 |
| Median Age: | 27.02 | 35.98 | 35.19 |
| Households: | 7,925 | 51,136 | 106,220 |
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