483 W Reynolds Rd - Commercial LAND FOR SALE


Lexington, KY 40503- South Lexington256,568 SF
$7,500,000 USD
859-266-4341
483 W Reynolds Rd, Lexington, KY for Sale
$7,500,000 USD
Commercial LAND - FOR SALE
1/5
256,568 SF

483 W Reynolds Rd
Lexington, KY 40503
South Lexington


HIGHLIGHTS

  • prime location, could enjoy higher density zoning, frontage access, development would meet a community need

OVERVIEW

Ashland Avenue Baptist Church is pleased to present 5.89 AC of R-4 property (5.37 ac developable) located at 483 West Reynolds Road in Lexington, Kentucky (Fayette Co.). Situated near the major New Circle-Nicholasville Road interchange (80,000 ADT) in Kentucky’s second largest city, this property is in a prime location for medium-high density residential development in a growing community facing a housing shortage of 20,000+ units. PROPERTY HIGHLIGHTS • Visibility to New Circle Road (69,347 vehicles per day) • Conveniently located within 1 mile of Ashland Avenue Baptist Church, Lexington Christian Academy, Stonewall Elementary, Jessie Clark Middle School, Fayette Mall, The Mall at Lexington Green, Shillito Park, Wellington Park, Meijer, Lexington Fire Station 15, and a host of restaurants, banks, services, and more • Within 3 miles of major hospitals (UK, Baptist, St. Joseph) and within 6 miles of downtown Lexington and Blue Grass Airport (LEX) • Could enjoy R-5 zoning benefits

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/ACRE

$1,273,347/AC

PRICE/SF

$29 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family, Apartment Units

LAND ACRES

5.89 AC

LAND SF

256,568 SF

OFFSITE IMPROVEMENTS

-

ZONING

R4

APN/PARCEL ID

38018710

ASK ABOUT THIS PROPERTY

Jon CanlerAshland Avenue Baptist ChurchMore Info
859-266-4341

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Jon CanlerAshland Avenue Baptist ChurchMore Info
859-266-4341

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.