Midland Ave & Short St Lexington, KY 40508
- Retail properties
- 2.38 lot acres
Current Use by Public Records
- Retail properties
Property Details for 0 Midland Ave & Short St
- Lot size
- 2.38 lot acres
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional 2.38-acre development site presents a rare opportunity in Lexington, Kentucky's vibrant downtown. Located at the corner of Midland Avenue and Short Street, this property boasts outstanding visibility and easy access, with frontage on Town Branch Commons. The flexible B-2A zoning allows for a variety of uses, including hotel, retail, office, or mixed-use development. Elevated parcels offer sweeping views of the downtown skyline and Thoroughbred Park. Several existing curb cuts and two-way streets ensure convenient access. Its proximity to Lexington's Central Business District and I-75 via Winchester Road adds to its appeal. The future Town Branch Biking & Walking Trail will run adjacent to the Midland Avenue portion, enhancing pedestrian connectivity. This unique opportunity is situated in a prime location where buildable land is scarce. A viewing from the Race Street lookout bluff is recommended to fully appreciate the property's beauty and expansive views. The asking price is $3,150,000. This property is situated in Fayette County, Kentucky, zip code 40508. The site is also designated as an Opportunity Zone.
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
- -84.488
- Latitude
- 38.0416
