2.36 Acres of Commercial Zoned Property with Bypass Frontage
Vacant Land
for Sale
| Catylist Listing ID: |
30853492 |
| Property Subtypes: |
Office, Retail, Retail-Pad
|
| Gross Land Area: |
2.36 Acres
|
| Sale Price: |
$850,000 - 1,200,000 Per Acre |
| Total Price: |
$2,006,000 - 2,832,000 |
| Land Splits Available: |
Yes |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/22/2023 |
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. Many other conceptual plans have been laid out as other possibilities which can be seen in the links shared below, including a subdivision to 2 lots with one acting as a QSR dive through and the other a traditional retail box.
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.
Owner/Agent
|
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 |
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 |
|
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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