For Sale
$1,650,000

1170 Newtown Pike Lexington, KY 40511

2 Acres, High-Traffic Location, $1.65M

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 2-acre commercial land parcel is situated at 1170 Newtown Pike in Lexington, Kentucky, a high-traffic corridor near downtown and I-75/I-64. Zoned A-U, this property offers significant development potential for office, retail, or mixed-use projects. The asking price is $1,650,000, representing $825,000 per acre. Its prime location boasts daily traffic exceeding 30,000 vehicles, ensuring high visibility and accessibility. Proximity to major employers, hotels, restaurants, and the University of Kentucky further enhances its appeal. Lexington's robust economy, low unemployment, and steady population growth make this a sound investment with potential for future appreciation. The flexible zoning allows for diverse commercial uses, creating a versatile opportunity within an established business environment. This property presents a rare chance to capitalize on Lexington's thriving commercial market in a highly desirable location. The Fayette County address (zip code 40511) offers easy access to major metropolitan areas, including Cincinnati, Louisville, Knoxville, and Nashville.

Highlights

  • High-traffic Newtown Pike location offers easy access to downtown Lexington and major interstates I-75/I-64.
  • High visibility with over 30,000 vehicles daily.
  • Near hotels, restaurants, UK, and major employers, ensuring a strong customer base.
  • Lexington's robust economy and low unemployment create a sound investment.
  • Flexible zoning allows for diverse commercial uses, including office, retail, or mixed-use.
  • Surrounded by established businesses in a thriving commercial area.

Property Details for 1170 Newtown Pike

Property type
Land, Farms
Lot Size (sq. ft)
87,120 SF

Location Insight

City
Lexington
County
Fayette
State
Kentucky
Latitude
38.07868379
Longitude
-84.49063751

FAQs

What type of property is this?
Land - 2 Acres, High-Traffic Location, $1.65M
Where is the land located?
The property is located at 1170 Newtown Pike Lexington, KY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: High-traffic Newtown Pike location offers easy access to downtown Lexington and major interstates I-75/I-64.; High visibility with over 30,000 vehicles daily.; Near hotels, restaurants, UK, and major employers, ensuring a strong customer base.
How can I contact the broker?
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1170 Newtown Pike
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