For Sale
$10,500,000

3515 Richmond RdLexington, KY 40509

30 Acres, $10.5M, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional 30-acre commercial land parcel in Lexington, KY, presents a unique investment opportunity. Located at 3515 Richmond Rd, this gently rolling property boasts approximately 4,655 feet of frontage on Yorkshire Dr. and 1,280 feet on Richmond Rd., offering high visibility and accessibility. Currently zoned A-U (Agricultural-Urban), the site is ideally positioned for various developments, including apartments, senior housing, office, or medical facilities, with public utilities readily available. Preliminary plans suggest an entry drive at the intersection of Yorkshire and Palumbo Drives. Its proximity to Interstate access (5-minute drive) and the high-traffic Eagle Creek Mixed Use Development, featuring over 1 million square feet of primarily medical uses, makes this a prime location within Lexington's Urban Service Boundary. The $10,500,000 asking price translates to $350,000 per acre, reflecting the exceptional value and development potential of this first-time-offered property. The site's location near a major employment center with over 90,000 cars per day passing by adds to its significant investment appeal.

Highlights

  • First-time offering of a 30-acre commercial land parcel in Lexington, KY.
  • Premier location with high visibility and accessibility, boasting significant frontage on Yorkshire Dr. and Richmond Rd., near I-access and Eagle Creek Mixed Use Development.
  • Excellent site conditions, currently zoned A-U, suitable for various developments including multifamily, senior housing, office, or medical uses; utilities readily available.

Property Details for 3515 Richmond Rd

Property type
Land
Lot Size (sq. ft)
1,306,800 SF

Location Insight

City
Lexington
County
Fayette
State
Kentucky
Latitude
37.9950177
Longitude
-84.4388858
3515 Richmond Rd, Lexington, Kentucky

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3515 Richmond Rd
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