Catylist ID:
#30772978
Downtown Land Available at Davis Park Development
Vacant Land
for Lease
| Catylist Listing ID: | 30772978 |
| Property Subtypes: | Hospitality, Multi-Family, Office, Retail, Retail-Pad |
| Gross Land Area: | 1.75 - 4.80 Acres |
| Lease Rate: |
$75,000 - 85,000 Per Acre (Annual) $1.72 - 1.95 PSF (Annual) |
| Lease Types: | NNN |
| In Opportunity Zone? | Yes |
| Land Splits Available: | Yes |
| Last Updated: | 9/20/2023 |
Overview / Comments
|
Yes, there is actually land available for development in downtown Lexington near the newly expanded Convention Center, Historic Distillery District, Town Branch Distillery, and Central Business District! The Davis Park development has Two premiere lots totaling 4.80 Acres available for Ground Lease at outstanding locations. 325 Oliver Lewis Way (Lot #27) is appx 1.75 acres zoned B-3 on the corner of Oliver Lewis Way & W High Street with ingress and egress on each street. This location is growing fast and surrounded by development and ideal for retail. 525 De Roode St. (Lot #30) is appx 3.1 Acres zoned MU-2 and also sits on a corner of Oliver Lewis Way and Scott St. Oliver Lewis was recently completed and serves as a convenient connector from downtown to the University of Kentucky. This lot is ideal for a multitude of uses such as retail, office, or flex! All utilities are available to the site. This development is planned to have 60+ apartments, a brand new public park, and Community Center, and more. Fayette county is limited on land opportunities such as this, especially with access to entertainment, shopping, and dining on all sides! Property Highlights: -Curb cuts on High Street and Oliver Lewis Way -Close proximity to UK, Rupp Arena, Town Branch Distillery -Rare Development Opportunity in Downtown Lexington |
Attachments & Media
Additional Details
| Nearest MSA: | Lexington-Fayette |
| County: | Fayette |
| Tax ID/APN: | 12049050 |
| Zoning: | B-3, MU-2 |
| Area Description: | This is a rare opportunity to lease land between Rupp arena and the University of Kentucky near the future home of Town Branch Park and Town Branch Trail. Property has frontage on Oliver Lewis Way, W. High St., and Scott St. |
| Zoning Description: | Highway Service Business & Mixed Use 2 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 17,052 | 120,901 | 230,286 |
| Median Age: | 28.42 | 34.55 | 35.4 |
| Households: | 7,353 | 50,000 | 97,996 |
| 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. |
