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Retail Development Land in Kentucky
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2489 Lakeway Drive, Russell Springs, KY 42642

1.1 acres of retail development land in Russell Springs, KY.

Space SizeContact for details
Lot Size1.10 Acres
Days on Market197

Property Features for 2489 Lakeway Drive

General Information

Standard status Active
Lot size 1.10 Acres
Property subtype Land

Spaces For Lease

at 2489 Lakeway Drive Contact us

2489 Lakeway Drive - Lot 4

Term
Negotiable
Rate
Contact for pricing
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Listing Agency:
Listed By: Weston Lockhart
Source: Svn
Added: Jan 27 Changed: Aug 8 Last Checked: Aug 8 at 1:36PM

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 Weston Lockhart

Investment Insights

Based on property information with market context.

Located within the Key Village Shopping Center in Russell Springs, KY, this 1.1-acre retail development land offers significant potential. The property, situated at 2489 Lakeway Drive, benefits from its location at the intersection of US 127 and Lakeway Drive, providing excellent visibility and frontage. The site previously housed a Sonic restaurant. The location sees over 11,000 vehicles per day. Zoned C-1 (Highway Oriented Commercial), the land accommodates various retail, wholesale, and service-oriented businesses. The property presents an opportunity for revitalization or redevelopment, joining established retailers in the corridor such as Kroger, McDonalds, Advance Auto Parts and Dairy Queen. Russell Springs offers a blend of small-town charm and modern amenities, near Lake Cumberland, attracting both residents and tourists, providing a diverse customer base for retailers. The property is available for lease or sale.

Key Highlights

  • High Visibility Location: Excellent frontage on US 127 and Lakeway Drive with over 11,000 vehicles per day.
  • Flexible C‑1 Zoning allows for numerous types of retail, wholesale, and service‑oriented businesses.
  • Key Village Shopping Center Location: Join established retailers like Kroger, McDonalds, Advance Auto Parts and Dairy Queen.

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Computer & Electronic Repair Florist Garden Center Big Box & Wholesale Store Pet Store & Service

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

169
Businesses Nearby

Demographics for 42642, KY

12,939
Population
6,453
Households
2
Avg Household Size
42
Median Age
15%
College-Educated
83%
High-School Grad
140.2 sq mi
ZIP Area
92
Density / Sq Mi
$54,100
Median Household Income
$36,281
Median Earnings
$686
Median Rent
$138,700
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - 1.1 acres of retail development land in Russell Springs, KY.
Where is this commercial land located?
The property is located at 2489 Lakeway Drive Russell Springs, KY.
What are key features of this property?
This property features: High Visibility Location: Excellent frontage on US 127 and Lakeway Drive with over 11,000 vehicles per day.; Flexible C‑1 Zoning allows for numerous types of retail, wholesale, and service‑oriented businesses.; Key Village Shopping Center Location: Join established retailers like Kroger, McDonalds, Advance Auto Parts and Dairy Queen.
More about this property
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