Lexington Development Opportunity For
For Sale
Contact for pricing
2409 Merchant St, Lexington, KY 40511
1.5-acre P-1 zoned land with high visibility and accessibility.
Property SizeContact for details
Lot Size1.50 Acres
Days on Market173
Property Features for 2409 Merchant St
General Information
Standard status
Active
Lot size
1.50 Acres
Property subtype
Land
Zoning
P-1
Listing Agency:
SVN | Stone Commercial Real Estate
Listed By:
Wade Haga · License #KY 223094
Source:
Crexi
Added: Mar 2
Changed: Aug 12
Last Checked: Aug 21 at 6:42AM
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 SVN | Stone Commercial Real Estate
Investment Insights
Based on property information with market context.
The property at 2409 Merchant Drive in Lexington, KY, presents a 1.5-acre development opportunity. Zoned P-1, the site offers excellent visibility and signalized accessibility. It benefits from approximately 24,778 vehicles per day, providing strong exposure along Leestown Rd. The property is flat and ready for development, making it suitable for various uses, including medical offices, banks, professional services, daycares, and hotels. An ALTA survey, Phase 1 ESA, and geotechnical report have been completed. The location provides quick access to Interstates 64 & 75 and is near New Circle Road, offering connectivity across Lexington and the surrounding region.
Key Highlights
- 1.5‑acre P‑1 zoned development opportunity.
- Excellent visibility with approximately 24,778 vehicles per day on Leestown Rd.
- Flat site ready for development suitable for various uses (medical, banks, hotels, etc.).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
359
Businesses Nearby
Explore this area
Business Placement
Demographics for 40511, KY
36,146
Population
14,963
Households
2.4
Avg Household Size
35
Median Age
38%
College-Educated
89%
High-School Grad
86.0 sq mi
ZIP Area
420
Density / Sq Mi
$77,476
Median Household Income
$43,416
Median Earnings
$1,159
Median Rent
$233,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 1.5-acre P-1 zoned land with high visibility and accessibility.
Where is this commercial land located?
The property is located at 2409 Merchant St Lexington, KY.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 1.5‑acre P‑1 zoned development opportunity.; Excellent visibility with approximately 24,778 vehicles per day on Leestown Rd.; Flat site ready for development suitable for various uses (medical, banks, hotels, etc.).
