Residential Development Opportunity in
For Sale
$250,000
1749 Russell Cave Rd, Lexington, KY 40505
1.4-acre parcel with 7 R1-E lots ready for development.
Property SizeContact for details
Days on Market294
Property Features for 1749 Russell Cave Rd
General Information
Standard status
Active
Property subtype
Vacant Land
Listing Agency:
Stone Real Estate
Listed By:
Matthew Stone
Source:
Meliarealty
Added: Nov 21, 2025
Changed: Sep 8
Last Checked: Sep 9 at 8:47PM
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 Stone Real Estate
Investment Insights
Based on property information with market context.
This 1.4-acre parcel presents a residential development opportunity in Lexington, Kentucky, featuring 7 R1-E lots, each 40 feet wide. The property is strategically located between Newtown Pike and Russell Cave Road, a thoroughfare with high traffic volume, and is surrounded by established residential and commercial developments. The city plans to extend Citation Boulevard to connect with Russell Cave Road, which will improve access and visibility for the site. The property is fully entitled and zoned R-1E, making it ready for immediate construction. All utilities are on site. The location is behind the new Kroger on Citation Blvd. This development can help address the housing shortage in Fayette County.
Key Highlights
- Shovel‑ready: Fully entitled and zoned R‑1E for immediate construction.
- High Demand: Located in Fayette County, which faces a shortage of 22,589 housing units.
- Prime Location: Strategically positioned between Newtown Pike and Russell Cave Road.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
143
Businesses Nearby
Explore this area
Business Placement
Demographics for 40505, KY
26,278
Population
12,026
Households
2.2
Avg Household Size
39
Median Age
23%
College-Educated
86%
High-School Grad
8.0 sq mi
ZIP Area
3,285
Density / Sq Mi
$58,922
Median Household Income
$33,517
Median Earnings
$914
Median Rent
$166,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 1.4-acre parcel with 7 R1-E lots ready for development.
Where is this residential land & home lot located?
The property is located at 1749 Russell Cave Rd Lexington, KY.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Shovel‑ready: Fully entitled and zoned R‑1E for immediate construction.; High Demand: Located in Fayette County, which faces a shortage of 22,589 housing units.; Prime Location: Strategically positioned between Newtown Pike and Russell Cave Road.
