536 538 Wesdt 5 St Lexington, KY 40502
- Land
Current Use by Public Records
- Land
Property Details for 536 538 Wesdt 5 St
- Property type
- Land
Description
This exceptional 2,251 square foot development site presents a lucrative redevelopment opportunity in Lexington, Kentucky. Located at the corner of West Fifth and Smith Streets, just one block from Jefferson Street, this property boasts a highly desirable location with excellent visibility and accessibility. The lot, measuring 40 feet by 56 feet, is zoned R-4 High Density Apartment, allowing for the construction of a substantial multifamily residential building. This zoning designation offers significant potential for maximizing density and rental income. The asking price for this prime piece of land is $52,500. Given its size, zoning, and strategic location, this property represents a compelling investment for developers seeking to capitalize on the growing demand for multifamily housing in Lexington. The address is 536-538 West Fifth Street, Lexington, KY 40502. Serious inquiries are encouraged. This is a rare opportunity to acquire a well-situated development site in a thriving Kentucky market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Fayette
- State
- Kentucky
- Longitude
- -84.4941
- Latitude
- 38.0573
