Shovel-Ready Multi-Family Development Land

Highlights:

• - Offered at $2,200,000
• - Zoned R-1T and ideal for townhouse or attached single-family development
• - 3.27-acre level site with utility access and major road frontage
• - Minutes from Chic-Fil-A, Publix, and plenty of retail/dining/recreational opportunities in Lexington's fastest growing retail corridor (Home to The Foutanins on Harrodsburg Rd.)
• - Miles from Keene Trace Golf Course
• - New Mirror Twin Brewing just announced!
• - Ready to develop
• - Prime location along high-traffic Harrodsburg Road
• - Surrounded by established neighborhoods and growing commercial developments
• - High-demand area for new residential product in southwest Lexington

Description:

SVN Stone Commercial Real Estate is pleased to present this prime residential development opportunity in one of Lexington’s most desirable corridors. This 3.27-acre parcel, located at 4145 Harrodsburg Road, is zoned R-1T (Townhouse Residential) and is ideally suited for a high-quality residential project.

Positioned along Harrodsburg Road, a major thoroughfare with high traffic volume, the site offers excellent visibility and accessibility in a highly sought-after area. Surrounded by established residential and commercial developments, this property presents a rare opportunity for residential builders in Lexington’s southwest corridor.

This shovel-ready development site presents a rare opportunity to deliver much-needed housing in one of Kentucky’s most supply-constrained markets. Zoned for townhomes (R-1T) and located in Fayette County, the property is fully entitled and ready for construction. It’s an ideal fit for developers looking to get off the ground quickly in a market with strong fundamentals.

According to the Kentucky Housing Corporation, Fayette County is currently short 22,589 housing units. Demand for attainable housing options continues to outpace supply, and townhomes offer the right mix of density, design flexibility, and price point to serve today’s buyers and renters. This site gives builders a head start in one of the city's fastest growing retail areas.

For more info please contact Travis Rose at travis.rose@svn.com // (859) 806-1591 or Justin Ryder at justi.ryder@svn.com // (859) 447-3285

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.

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