Prime Downtown Lexington lots, ideal for retail & more.
Lot size:
189,922 SF
Description
Added:
Dec 11, 2024
Days on Market:
392
Two exceptional commercial land parcels are available for ground lease in Lexington, Kentucky's vibrant downtown core. These lots, totaling 4.36 acres, offer unparalleled access to the newly expanded Convention Center, the historic Distillery District, Town Branch Distillery, and the Central Business District. Lot #27, situated at 325 Oliver Lewis Way, encompasses approximately 1.75 acres and is zoned B-3. This corner lot boasts convenient ingress and egress on both Oliver Lewis Way and West High Street, making it perfect for retail development. Lot #30, located at 525 De Roode Street, covers approximately 2.61 acres and is zoned MU-2. This corner lot, situated at the intersection of Oliver Lewis Way and Scott Street, provides flexibility for a variety of uses, including retail, office, or flex space. Oliver Lewis Way, a recently completed thoroughfare, offers easy access to the University of Kentucky. Both lots benefit from all available utilities and are part of a larger development plan including 60+ apartments, a new public park, and a community center. This development enjoys frontage on Oliver Lewis Way, West High Street, and Scott Street, placing it in close proximity to Rupp Arena and the University of Kentucky, near the future Town Branch Park and Town Branch Trail. The APN for the properties is 12049050. This presents a rare opportunity to secure land in a high-demand area of Lexington, surrounded by established entertainment, shopping, and dining options. The scarcity of available land in Fayette County makes this a truly exceptional investment prospect.
Property Features for 525 De Roode St
General Information
Property type
Land
Lease Type
Gross Lease
RSF (Rentable sq. ft)
189,922 SF
Total Rate
75000
Unit(s) available at that property
Space
Available Space
Size
189,922 SF
Rate per SF
$85,000
HighLights
Lot #27: 1.75 acres, $85,000/acre, B‑3 zoning, corner lot at Oliver Lewis Way & West High Street.
Lot #30: 2.61 acres, $75,000/acre, MU‑2 zoning, corner lot at Oliver Lewis Way & Scott Street.
Convenient access via curb cuts on High Street and Oliver Lewis Way.
Prime location near University of Kentucky, Rupp Arena, and Town Branch Distillery.
Exceptional development opportunity in Lexington's downtown, adjacent to new park and community center.
Land - Prime Downtown Lexington lots, ideal for retail & more.
Where is this land located?
The property is located at 525 De Roode St Lexington, KY.
What is the lease rate?
The lease rate is $85,000.
What are key features of this property?
This property features: Lot #27: 1.75 acres, $85,000/acre, B-3 zoning, corner lot at Oliver Lewis Way & West High Street.; Lot #30: 2.61 acres, $75,000/acre, MU-2 zoning, corner lot at Oliver Lewis Way & Scott Street.; Convenient access via curb cuts on High Street and Oliver Lewis Way.
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525 De Roode St Lexington, KY 40508
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Realmo Value Estimation
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Comparable approach
Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.
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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
525 De Roode St Lexington, KY 40508
More about this listing
525 De Roode St, Lexington, KY
Clay Angelucci
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525 De Roode St, Lexington, KY
Clay Angelucci
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525 De Roode St, Lexington, KY
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525 De Roode St, Lexington, KY
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525 De Roode St, Lexington, KY
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525 De Roode St, Lexington, KY
Clay Angelucci
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