Residential Development Opportunity | 7 R-1E Lots

$250,000

1749 Russell Cave Road, Lexington, KY 40505

For Sale

Land Residential

Active

Last Updated: 06/29/2026

Details:

Lot Area: 1.4 acres

Offered by Broker

Gabe Measner

Advisor

SVN Stone Commercial Real Estate

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Highlights:

Two 40 foot lots $50,000 each, road and utilities at the property line
Five undeveloped lots, road and utilities need to be ran to the lots, ($150,000 total
for all five)
All 7 lots are zoned R-1E, (All 7 are 40 foot lots)

Description:

SVN Stone Commercial Real Estate is pleased to present a prime residential development opportunity in Lexington, Kentucky. These 7 parcels combined add
up to just over 1.4 acres, with each lot being 40 feet wide and zoned R-1E.

Strategically positioned between Newtown Pike and Russell Cave Road, a major thoroughfare with high traffic volume, the property is surrounded by established
residential and commercial developments. With the city's planned extension of Citation Boulevard to connect with Russell Cave Road, the site stands to benefit
significantly from improved access and visibility.

This fantastic property offers an excellent opportunity to meet Lexington’s growing demand for housing bieng Zoned R-1E with utilities available.

According to the Kentucky Housing Corporation, Fayette County currently faces a shortage of 22,589 housing units. This development can play a key role in
addressing that critical need.

Lexington, Kentucky has been rated as one of America's premier cities by some of the most noted and revered industry standard-bearers, such as Forbes magazine, the U.S. Census Bureau, Cognetics consulting group, Dun & Bradstreet, Ladies Home Journal, and Places Rated Almanac - just to name a few. Most people think of rolling countryside with stone fences, great basketball action, horse farms, Thoroughbred racing at Keeneland, a diverse economy, and outstanding schools, colleges and universities. Our community ranks high in quality of life factors, such as health care, public safety, educational attainment, and quality family living. The area also measures high among the best places for business location, creativity, entrepreneurial growth, and career relocation. Residents of competing cities view Lexington as a beautiful place, with great schools, an innovative health care system, a strong economy, and mountains of potential.