2891 Richmond RdLexington, KY 40509

Property Details for 2891 Richmond Rd

Year built

1971

Lot size

1.28 AC

Property size (Sq ft)

19,422 SF

Zone code

B-3

Property type

Land

Property subtype

Commercial land

APN

25833025

APU

25833025

Description

This exceptional 1.3-acre commercial land parcel presents a prime opportunity for retail or restaurant development in Lexington, Kentucky. Located on heavily trafficked Richmond Road (40,088 VPD), this C1-zoned outlot boasts excellent street-front visibility and convenient access via two signalized traffic lights and a direct Richmond Road cut-off. A large pylon sign is available exclusively for this outlot. The property's strategic location is further enhanced by its proximity to major retailers including Lowe's, Kroger, Home Depot, and Burlington, as well as popular restaurants such as Chili's, Panera Bread, and Starbucks. Across the street sits a newly constructed retail center featuring FirstWatch, Skyline Chili, and LaRosa's Pizzeria. This site benefits from its position in a thriving retail and restaurant hub, just four miles from the University of Kentucky, a significant employer with over 46,000 students and staff. The surrounding area features dense residential neighborhoods and a substantial daytime population, supported by major employers like Valvoline, Aramark, and International Paper. The asking price is $1,200,000, with a land value of $1,000,000 per acre. The property's APN is 25833025. This is a rare opportunity to acquire a highly visible and strategically located outlot in a rapidly growing area. The property is available for sale, ground lease, or build-to-suit options.

• Alternative Use

  Use

  Valuation

  Residential

  $3,814,150

  Hospitality

  $3,493,741

  Educational

  $2,906,752

  Medical

  $3,006,719

  Retail

  $4,521,614

Location Insight

City

Lexington

County

Fayette

State

Kentucky

Latitude

38.0082

Longitude

-84.4513

CBSA code

30460

CBSA name

LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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