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.

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

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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.