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Land for Dream Home
For Sale
$350,000
Pending

1 Grissom Lane, Lexington, KY 40516

LAND - Lexington, KY

Property SizeContact for details
Lot Size8.32 Acres
Days on Market110

Property Features for 1 Grissom Lane

General Information

Property type Land
Property subtype Other
Zoning AR
Subdivision Rural
Lot features Cleared, Gentle Sloping
Directions From Paris Pike, take Muir Station Rd. (past Windy Corner !) to left on Stewart Rd. to right on Grissom Ln. Property is at the end of the paved road to first right on the gravel road.
Standard status Pending
APN 22702100
Lot size 8.32 Acres

Utilities

Utilities Water Available
Listing Agency: Bluegrass Sotheby's International Realty
Listed By: Mike J Morrison · License #KY53932
Added: May 22 Changed: Jul 1 Last Checked: Sep 8 at 3:06AM
MLS# 26011752

Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Offered for sale is an 8.32 acre lot, previously deeded as a 7.21 acre parcel in Fayette County and a 1.11 acre parcel in Bourbon County. Accessible from Grissom Lane, the tree-lined and gently rolling property is suitable for building a dream home with recreational possibilities. Surrounded by horse farms, the property offers views and privacy.

Key Highlights

  • Large 8.32 +/- acre lot suitable for building
  • Located in Fayette and Bourbon Counties, surrounded by horse farms
  • Tree‑lined and gently rolling property

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Garden Center Electrical Service Gym & Fitness Center Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

6
Businesses Nearby

Demographics for 40516, KY

2,795
Population
1,131
Households
2.5
Avg Household Size
42
Median Age
38%
College-Educated
94%
High-School Grad
30.7 sq mi
ZIP Area
91
Density / Sq Mi
$85,655
Median Household Income
$45,278
Median Earnings
$1,166
Median Rent
$249,800
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Residential land & home lot - 8.32 acre lot suitable for building a dream home.
Where is this residential land & home lot located?
The property is located at 1 Grissom Lane Lexington, KY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Large 8.32 +/- acre lot suitable for building; Located in Fayette and Bourbon Counties, surrounded by horse farms; Tree‑lined and gently rolling property
More about this property
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