Listing Agency: Schrader Commercial Properties LLC

Listed By: James M. Schrader · License #KY 41930

Source: Crexi

Added: Dec 5, 2023 Changed: Aug 8 Last Checked: Aug 11 at 5:19PM

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Investment Insights

Based on property information with market context.

This 21.68-acre commercial vacant land offers a high-visibility location with convenient access to I-75 and I-64, facilitating travel to Louisville, Cincinnati, and Frankfort. Zoned ED – Economic Development, the property is suitable for the development of office buildings, medical and dental offices, computer and data processing centers, research and development and testing laboratories, colleges, universities, schools, and regional medical campuses. The property is located in the Russell Cave neighborhood. The location benefits from high traffic counts, with I-75/64 recording 98,576 vehicles. The property can be divided into multiple lots, offering flexibility for various development plans.

Property Analytics

Property Profile

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency

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

62

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

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Frequently Asked Questions

What type of property is this?

Commercial land - High-visibility commercial land suitable for diverse development projects.

Where is this commercial land located?

The property is located at 1068 Aspiration Dr Lexington, KY.

What is the asking price?

The asking price for this property is $4,325,000.