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1749 Russel Cave Road - 1749 Russell Cave Road - 4 Acres 4 Acres of Commercial Land Offered at $1,100,000 in Lexington, KY 40505
Executive Summary
Zoned R-1E
City Plans to Extend Citation Blvd to Russell Cave Rd, benefiting this property
All Utilities on Site
Behind the newly proposed Kroger on Citation Blvd
Prime for appartment rezoning and development
Property Facts
| Price | $1,100,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Single Family Residence |
| No. Lots | 1 | Total Lot Size | 4.00 AC |
| Property Type | Land | ||
| Zoning | R-1E | ||
| Price | $1,100,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Single Family Residence |
| Total Lot Size | 4.00 AC |
| Zoning | R-1E |
1 Lot Available
Lot
| Price | $1,100,000 | Lot Size | 4.00 AC |
| Price Per AC | $275,000.00 |
| Price | $1,100,000 |
| Price Per AC | $275,000.00 |
| Lot Size | 4.00 AC |
Description
SVN Stone Commercial Real Estate is pleased to present a prime residential development opportunity in Lexington, Kentucky. This 4-acre parcel, located at 1749 Russell Cave Road, is zoned R-1E with all utilities available on site. Strategically positioned between Newtown Pike and Russell Cave Road, a major thoroughfare with high traffic volume, the property is surrounded by established residential and commercial developments. With the city's planned extension of Citation Boulevard to connect with Russell Cave Road, the site stands to benefit significantly from improved access and visibility. This fantastic apartment site with utilities subject to rezone offers an excellent opportunity to meet Lexington’s growing demand for housing. According to the Kentucky Housing Corporation, Fayette County currently faces a shortage of 22,589 housing units. This development can play a key role in addressing that critical need.
Property Taxes
| Parcel Number | 24253200 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $887,300 |
Property Taxes
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1749 Russel Cave Road - 1749 Russell Cave Road - 4 Acres
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