KLNB Capital Markets, in partnership with NAI Isaac, is pleased to offer for sale a 41.3-acre single family development opportunity located at 75 McKracken Pike in Versailles, KY (the “property”). Situated less than a mile from historic downtown Versailles, the property presents developers with the rare opportunity to acquire a large-scale single-family project in a supply constrained market.
The property currently has both R-1A and R-1B zoning, which allow for the development of single family detached homes as a matter of right. The seller recently obtained preliminary plat approval for 97 single family lots, the average size of which is approximately 14,500 square feet. We anticipate offers closing at final plat approval, which can either be completed by the seller or the purchaser.
The market in Versailles demonstrates a strong and consistent demand for new single-family homes, driven by its desirable location within the Lexington metropolitan area and its reputation for excellent schools and a high quality of life. The limited availability of existing housing stock, coupled with the ongoing influx of professionals drawn to the region’s expanding economy, creates a compelling opportunity for a well-planned, single-family development to meet the growing needs of the community.