B-2 Development
For Sale
Contact for pricing
Pending
162 N Upper St, Lexington, KY 40507
Urban parcel near universities, healthcare, retail, and convention facilities.
Property SizeContact for details
Days on Market146
Property Features for 162 N Upper St
General Information
Standard status
Pending
Property subtype
Land
Listing Agency:
SRS Real Estate Partners Newport Beach
Listed By:
John Redfield · License #CA 01928036
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Sep 2 at 10:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
The offering consists of a leasehold interest tied to building ownership on a 1.33-acre parcel at 162 N Upper St in Lexington, Kentucky. The property carries Downtown Business Zone (B-2) zoning, with source-listed potential for hotels, dwelling units, restaurants, athletic clubs, and retail uses.
The site is just off the intersection of North Upper Street and West 2nd Street, where traffic exceeds 25,000 vehicles per day. U.S. Highway 27 is nearby and reports 50,400 VPD. The property is within walking distance of the University of Kentucky and across the street from Transylvania University. Central Bank Convention Center, Rupp Arena, UK Good Samaritan Hospital, and national retailers including Target, CVS, McDonald’s, and Chipotle are also in the surrounding area.
The five-mile trade radius includes more than 228,000 residents and an average household income of $81,317. The property is also identified as being within an Opportunity Zone.
The site is just off the intersection of North Upper Street and West 2nd Street, where traffic exceeds 25,000 vehicles per day. U.S. Highway 27 is nearby and reports 50,400 VPD. The property is within walking distance of the University of Kentucky and across the street from Transylvania University. Central Bank Convention Center, Rupp Arena, UK Good Samaritan Hospital, and national retailers including Target, CVS, McDonald’s, and Chipotle are also in the surrounding area.
The five-mile trade radius includes more than 228,000 residents and an average household income of $81,317. The property is also identified as being within an Opportunity Zone.
Key Highlights
- 1.33‑acre parcel with Downtown Business Zone (B‑2) zoning
- North Upper Street and West 2nd Street intersection serves over 25,000 vehicles per day
- Nearby U.S. Highway 27 reports 50,400 VPD
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,626
Businesses Nearby
Explore this area
Business Placement
Demographics for 40507, KY
2,043
Population
1,765
Households
1.2
Avg Household Size
44
Median Age
54%
College-Educated
93%
High-School Grad
0.4 sq mi
ZIP Area
5,108
Density / Sq Mi
$34,543
Median Household Income
$40,826
Median Earnings
$642
Median Rent
$391,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Urban parcel near universities, healthcare, retail, and convention facilities.
Where is this commercial land located?
The property is located at 162 N Upper St Lexington, KY.
What are key features of this property?
This property features: 1.33‑acre parcel with Downtown Business Zone (B‑2) zoning; North Upper Street and West 2nd Street intersection serves over 25,000 vehicles per day; Nearby U.S. Highway 27 reports 50,400 VPD
