2.36 Acres with over 500 ft of Bypass Frontage

Vacant Land for Lease
Catylist Listing ID: 30864504
Property Subtypes: Office, Retail, Retail-Pad
Gross Land Area: 2.36 Acres
Lease Rate: $95,000 Per Acre (Annual)
$2.18 PSF (Annual)
Base Monthly Rent: $18,683
Lease Types: NNN
Land Splits Available: Yes
Last Updated: 2/27/2024

Overview / Comments

Rarely available, highly visible development opportunity with over 500 feet of Bypass frontage at what could be a traffic signaled entrance! Many possibilities for development here, see enclosed link below to access over 10 conceptual development site plans for ideas/examples.

Two curb cuts/points of access along Ashton Grove Path are approved for mutual use, see enclosed site plans showing their locations.

Zoned B-4, allowing a multitude of retail uses including but not limited to Convenient Store/gas station, financial institutions, professional office, restaurant, QSR with drive through, service retail, car wash, and general merchandise. Owner will consider offers to Purchase, Ground Lease, or Built to Suit, for all of the property as well as for subdivision.

Additional Details

Nearest MSA: Lexington-Fayette
County: Scott
Tax ID/APN: 168-30-021.000
Zoning: B-4
Property Visibility: Excellent
Largest Nearby Street: McClelland Circle
Feet of Frontage: 541
Area Description: This site is ideally located across the street from the booming Kroger Marketplace Center and Landmark Shopping Center, adjacent to the Landmark Office Park which includes UK Health Care and Baptist Health, and directly in front of the Ashton Grove Senior Community which features assisted living, memory care, and independent living cottages. Two large scale developments are also underway in the immediate area, including Parkview Medical Plaza, which is a 20 acre Aldi and Georgetown Community Hospital anchored development + surrounding retail directly across the street, and plans are underway for Publix anchored center just west of the property slated for 2025/2026 development. The immediate area has seen significant growth in recent years in retail, housing, medical, and senior living. According to the US Census Bureau, Scott County was the fastest growing county in Kentucky in 2013.
Lot Frontage: 541 feet
Lot Depth: 1275 feet
Zoning Description: B-4
Topography: Level
Easements Description: typical
Available Utilities: Electric, Water, Storm Drain
Water Service: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,711 25,685 37,407
Median Age: 32.02 32.99 33.87
Households: 2,151 9,560 12,987


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