525 De Roode St Lexington, KY 40508
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 525 De Roode St
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Fayette
- State
- Kentucky
- Longitude
- -84.509427
- Latitude
- 38.046174
