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Lancaster Development Lot For Sale
For Sale
$312,500

20 Farra Drive, Lancaster, KY 40444

1.25 AC development lot in Lancaster, Kentucky for sale.

Property SizeContact for details
Days on Market279

Property Features for 20 Farra Drive

General Information

Standard status Active
Listing Agency: NAI Isaac
Listed By: Max Darby · License #289600
Source: Naiglobal
Added: Nov 21, 2025 Changed: Jul 6 Last Checked: May 11 at 7:20AM

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 NAI Isaac

Investment Insights

Based on property information with market context.

A +/-1.25 AC development lot is available for sale in Lancaster, Kentucky. The property is located on US Hwy 27, a heavily traveled north-south route from Lexington to Somerset, near the Square in Lancaster and 7 miles north of Stanford. Lancaster is the county seat of Garrard County, situated 30 miles south of Lexington. The property occupies a prime location at the corner of Farra Drive & Stanford Street/US Hwy 27. It features frontage on US Highway 27, a main thoroughfare from Lexington to Somerset. The location is approximately 15 miles to Herrington Lake, 22 miles to Nicholasville, and 30 miles to Lexington. Zoned I-1, Industrial District, the property permits certain commercial developments, including gas stations and retail businesses for manufactured products.

Key Highlights

  • Prime location at the corner of Farra Drive & Stanford Street/US Hwy 27.
  • Frontage on US Highway 27, a main thoroughfare from Lexington to Somerset.
  • +/-1.25 AC development lot for sale.

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Auto Parts Store Dental Office Building Supply Kitchen & Bath Showroom

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

Location Intelligence

Trade Area within ½ mile

215
Businesses Nearby

Demographics for 40444, KY

14,075
Population
6,096
Households
2.3
Avg Household Size
44
Median Age
19%
College-Educated
88%
High-School Grad
159.5 sq mi
ZIP Area
88
Density / Sq Mi
$62,324
Median Household Income
$40,473
Median Earnings
$785
Median Rent
$194,100
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?
Commercial land - 1.25 AC development lot in Lancaster, Kentucky for sale.
Where is this commercial land located?
The property is located at 20 Farra Drive Lancaster, KY.
What is the asking price?
The asking price for this property is $312,500.
What are key features of this property?
This property features: Prime location at the corner of Farra Drive & Stanford Street/US Hwy 27.; Frontage on US Highway 27, a main thoroughfare from Lexington to Somerset.; +/-1.25 AC development lot for sale.
More about this property
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