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Industrial Land with Frontage
For Sale
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Pending

981-985 Freight Boulevard, Lexington, KY 40508

Two I1-zoned lots provide industrial land along Newtown Pike near established freight and corporate operations.

Property SizeContact for details
Days on Market140

Property Features for 981-985 Freight Boulevard

General Information

Standard status Pending
Property subtype Land
Listing Agency: Berkley Real Estate
Listed By: Will Berkley · License #KY
Source: Crexi
Added: Apr 13 Changed: Aug 30 Last Checked: Aug 30 at 6:56AM

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 Berkley Real Estate

Investment Insights

Based on property information with market context.

The property consists of two I1-zoned industrial land lots with a combined 508 feet of frontage along the east side of Newtown Pike. The parcels are positioned at Freight Boulevard and inside New Circle Road, providing a prominent location within an established commercial and logistics setting.

Lexmark is directly in front of the site, while FedEx Freight adjoins the property. The land is also situated just south of the new Amazon site. The property information identifies the opportunity for lease or build-to-suit development.

Key Highlights

  • Two I1‑zoned industrial land lots
  • 508 feet of frontage along the east side of Newtown Pike
  • Located at Freight Boulevard and inside New Circle Road

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Garden Center (Bike/Boat/Book/etc) Store Home Appliance Store Veterinary Clinic Mobile Phone Store Tanning Salon

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

3,042
Businesses Nearby

Demographics for 40508, KY

25,586
Population
11,458
Households
2.2
Avg Household Size
26
Median Age
36%
College-Educated
86%
High-School Grad
4.2 sq mi
ZIP Area
6,092
Density / Sq Mi
$28,040
Median Household Income
$13,316
Median Earnings
$900
Median Rent
$174,900
Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
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Frequently Asked Questions

What type of property is this?
Industrial land - Two I1-zoned lots provide industrial land along Newtown Pike near established freight and corporate operations.
Where is this industrial land located?
The property is located at 981-985 Freight Boulevard Lexington, KY.
What are key features of this property?
This property features: Two I1‑zoned industrial land lots; 508 feet of frontage along the east side of Newtown Pike; Located at Freight Boulevard and inside New Circle Road
More about this property
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