White Family Farm 30 Acre Development Site
Vacant Land
for Sale
| Catylist Listing ID: |
30803138 |
| Property Subtypes: |
Multi-Family, Office, Residential (Single Family)
|
| Gross Land Area: |
30 Acres
|
| Sale Price: |
$350,000 Per Acre |
| Total Price: |
$10,500,000 |
| Sale Terms: |
Undisclosed |
| Cap Rate: |
Undisclosed |
| Last Updated: |
8/28/2023 |
Overview / Comments
|
For the first time ever Approximately 30 Acres of the White Family Farm is for sale on Yorkshire Dr. in Lexington KY. The White Family Farm is a 138 acre tract located at 3515 Richmond Rd. with appx 4,655 ft of frontage on Yorkshire Dr. and appx 1,280 sf of frontage on Richmond Rd. The property is wide open and gently rolls making it ideal for development. The 30 acres available for sale are located in the North East Section of the property which is currently zoned A-U, Agricultural Urban. Public facilities and services are available which are requirements for the city to consider rezoning for other uses. Conditional uses include apartments, senior housing, office, or medical office. Our engineer believes that the city will rezone for these uses. Preliminarily, our plan would be to construct an entry drive at the intersection of Yorkshire and Palumbo Drive which would access the 30-acre site. This is an outstanding opportunity to develop inside Lexington’s Urban Service Boundary at a highly visible location near the interstate!
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Additional Details
| Nearest MSA: |
Lexington-Fayette |
| County: |
Fayette |
| Tax ID/APN: |
26987950 |
| Zoning: |
AU- AGRICULTURAL URBAN |
| Property Visibility: |
Excellent |
| Area Description: |
The White Family Farm is located at 3515 Richmond Rd and the subject 30 acre tract sits at the North East section of the property with access to Yorkshire Dr., just a 5 minute drive from the Interstate. The subject property is adjacent to the Eagle Creek Mixed Use Development in the southeastern Lexington submarket. Eagle Creek contains more than 1M SF of primarily medical uses – St. Joe East Hospital, Lexington Clinic, KY One Health Medical and Women’s Clinic, UK Health Medical Offices, and numerous other private and public health care facilities and physician offices. Eagle Creek is situated in the southeast quadrant of Man O War Blvd. and Richmond Road, with a traffic count exceeding 90K cpd. Eagle Creek and the surrounding represent one of the busiest employment centers outside the Lexington CBD. |
| Zoning Description: |
AU - Agricultural Urban |
| Development Name: |
White Family Farm |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
9,442 |
74,062 |
182,378 |
| Median Age: |
35.63 |
34.15 |
34.69 |
| Households: |
4,257 |
32,366 |
78,628 |
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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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