2.36 Acres of Commercial Zoned Property with Bypass Frontage
Vacant Land
for Sale
Also listed as Retail-Commercial
| Catylist Listing ID: |
30667864 |
| Property Subtypes: |
Office, Retail, Retail-Pad
|
| Building Status: |
Proposed |
| Gross Land Area: |
2.36 Acres
|
| Sale Price: |
$1,500,000 |
| Unit Price: |
$635,593 Per Acre |
| Has Drive-Thru? |
Yes |
| Land Splits Available: |
Yes |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
3/13/2023 |
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 |
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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The information presented herein is provided as is, without warranty of any kind.
Neither Kentucky Commercial Real Estate Alliance nor
Moody's assume any liability for errors or omissions.
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