2.36 Acres of Commercial Zoned Property with Bypass Frontage

Vacant Land for Sale
Sale Pending
Also listed as Retail-Commercial
Catylist Listing ID: 30667864
Property Subtypes: Office, Retail, Retail-Pad
Status: Pending
Building Status: Proposed
Gross Land Area: 2.36 Acres
Sale Price: $1,500,000
Unit Price: $635,593 Per Acre
Has Drive-Thru? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/31/2022

Overview / Comments

Rarely available, highly visible development opportunity with Bypass frontage at what could be a traffic signaled entrance! A development plan has been approved for a 13,000 SF commercial building with a drive thru endcap and 65 parking spaces. This property has been rezoned to B-4, allowing a multitude of retail uses including but not limited to financial institutions, professional office, restaurant, service retail, and general merchandise.

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
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. 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 Community Commercial
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,711 25,685 36,854
Median Age: 32.02 32.99 33.94
Households: 2,151 9,560 12,808

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