1021-1059 S. Broadway

Vacant Land for Lease
Catylist Listing ID: 30786726
Property Subtypes: Multi-Family, Office, Retail, Retail-Pad, Self Storage
Gross Land Area: 1 - 5.30 Acres
Lease Rate: See Agent
Lease Types: See Agent
Land Splits Available: Yes
Adjacent Parcels Available: Yes
Last Updated: 9/10/2023

Overview / Comments

Extremely rare and needed infill redevelopment opportunity for Ground Lease and or Build to Suit at 1021-1059 S. Broadway. The +/- 5.3 acres is currently split zoned B-1 and B-4 and subject to re-zoning for the intended use. The site has +/- 460’ of frontage to S. Broadway and enjoy a traffic count of 31,700 (ADT) on S. Broadway and 23,100 (ADT) on Red Mile Road. The property is best suited for retail, restaurants, banks, assisted living, student housing, and health care. The site is divisible and expandable (Call Agent for details).

Property Highlights:
-Rare Infill Lexington Redevelopment Site
-460' of Frontage to S. Broadway
-Expandable and Divisible
-Ground Lease or Build to Suit
-31,700 (ADT) S. Broadway
-University of Kentucky & Health Care District

Attachments & Media

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Tax ID/APN: 10718225
Zoning: B-1/B-4
Property Visibility: Excellent
Largest Nearby Street: South Broadway
Feet of Frontage: 460
Traffic/Vehicle Count: 31,700
Area Description: A+ location close to the hard corner of S. Broadway and Red Mile Road. The property sits inside New Circle Road encompassed by the University of Kentucky (30,000 students and 14,000 employees), thousands of student housing beds, all main Lexington health care systems (UK, CHI Saint Joseph, Baptist Health, and the Lexington Clinic). Redevelopment has taken off of late on the S. Broadway corridor with The Hub mixed use development, The Gateway Student Housing Development, Lexington Clinic, UK Federal Credit Union, Wendy’s, Candlewood Suites, Elmwood Hotel & Suites, and much more to come.
Zoning Description: Neighborhood Business/Wholesale and Warehouse Business

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,245 120,959 249,658
Median Age: 27.02 35.98 35.19
Households: 7,925 51,136 106,220
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.