Development Land on Liberty Rd.

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30719819
Property Subtypes: Multi-Family, Office, Self Storage, Other
Status: Pending
Gross Land Area: 8.19 Acres
Sale Price: $1,650,000
Unit Price: $201,465 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/14/2023

Overview / Comments

This rare 8 acres for sale is well located on the busy intersection of Liberty Rd and Fortune Dr. The property consists of 3 tracts zoned R-1B & R-3. There is approximately 770 feet of Liberty Road frontage and the property is surrounded by households, the Fayette County Board of Education, and across the street from Fortune Drive which is home to appx 1,000,000 Sf of industrial flex property. Tracts this size just outside of New Circle Rd. are limited, especially in a developed and dense area of town such as Fortune Dr. and Liberty Road. There is appx 760 ft of frontage on Liberty Rd. with a signalized entrance at the intersection. The property will need substantial site work to bring to grade but the size of these contiguous parcels will be ideal for a number of developments.

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Tax ID/APN: 23092700
Zoning: R-1B & R-3
Area Description: 2156, 2176, & 2184 Liberty Rd. is located at the South side intersection of Liberty Rd. and Fortune Dr.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,745 107,205 221,398
Median Age: 32.6 35.1 34.31
Households: 5,150 46,214 95,523
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.