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    150 Pleasant Retreat Dr Lancaster, KY 40444

    For Sale
    $150,000

    Prime Outlots, Save-A-Lot Anchored

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional commercial land opportunity presents multiple outlots for sale within the thriving Pleasant Retreat Shopping Center in Lancaster, Kentucky. The available parcels range from 0.84 to 3.68 acres, offering significant development potential. One lot offers up to 75,000 square feet of buildable space. Strategically located on Pleasant Retreat Drive, just off heavily trafficked US Highway 27, this property benefits from excellent visibility and accessibility. The center is anchored by a Save-A-Lot grocery store, ensuring consistent foot traffic and a strong retail environment. A 2022 traffic count of approximately 11,018 vehicles per day on US Highway 27 directly in front of the center underscores the high volume of potential customers. Ample parking is available for the convenience of shoppers and employees. The property's APN is 28D-03-003. This is an ideal location for businesses seeking high visibility and access to a substantial customer base in a growing Kentucky market. The asking price for these exceptional outlots is $150,000.

    Property Features for 150 Pleasant Retreat Dr

    General Information

    Property type
    Land
    Lot Size
    36,590 SF

    HighLights

    • Outlots available for sale at Pleasant Retreat Shopping Center.
    • Sites ranging from 0.84 to 3.68 acres available.
    • Up to 75,000 square feet buildable on a 2‑acre parcel.
    • Save‑A‑Lot anchored shopping center.
    • High traffic count: approximately 11,018 vehicles per day on US Highway 27.
    • Excellent location on Pleasant Retreat Road, directly off heavily trafficked US Highway 27, connecting Lexington and Somerset.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lancaster
    County
    Garrard
    State
    Kentucky
    Longitude
    -84.5907813
    Latitude
    37.6020525

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    FAQs

    What type of property is this?
    Land - Prime Outlots, Save-A-Lot Anchored
    Where is this land located?
    The property is located at 150 Pleasant Retreat Dr Lancaster, KY.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: Outlots available for sale at Pleasant Retreat Shopping Center.; Sites ranging from 0.84 to 3.68 acres available.; Up to 75,000 square feet buildable on a 2-acre parcel.
    Request Owner's contact information
    150 Pleasant Retreat Dr Lancaster, KY 40444
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    150 Pleasant Retreat Dr Lancaster, KY 40444
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