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719 N Upper St - R-3 Zoned Infill Development Opportunity 0.23 Acres of Residential Land Offered at $208,000 in Lexington, KY 40508
Investment Highlights
- Four adjacent R-3 zoned infill lots totaling ±0.2273 acres
- Surrounded by a mix of historic homes, multifamily properties, and active redevelopment
- Flexible R-3 zoning supports a variety of infill residential development concepts
- Located along N. Upper Street just minutes from Downtown Lexington & popular NoLi area
- Strong urban residential demand with convenient access to public transit
- Located within a federally designated Opportunity Zone — potential tax advantages for qualifying investments
Executive Summary
A rare opportunity to acquire a collection of adjacent vacant lots along N. Upper Street, just minutes from Downtown Lexington and the revitalizing North Limestone (NoLi) corridor. Totaling ±0.2273 acres across four parcels, these R-3 zoned lots offer strong potential for infill residential development in a neighborhood experiencing growing momentum and ongoing reinvestment.
Property Breakdown:
717–719 N. Upper St: ±0.0781 acres
725–727 N. Upper St: ±0.0758 acres
729 N. Upper St: ±0.0367 acres
731 N. Upper St: ±0.0367 acres
Total: ±0.2273 acres
Ideally situated within walking distance of Greyline Station and an emerging mix of local restaurants, breweries, coffee shops, and retailers, these parcels benefit from an established urban neighborhood feel with the energy of a corridor on the rise. The surrounding area features a compelling mix of historic homes, multifamily properties, and active redevelopment — creating a natural fit for new construction that complements the character of the neighborhood. With R-3 zoning and multiple adjacent lots, developers have the flexibility to pursue a variety of infill residential concepts in a highly central location with strong urban residential demand and convenient access to public transit and downtown amenities.
Property Breakdown:
717–719 N. Upper St: ±0.0781 acres
725–727 N. Upper St: ±0.0758 acres
729 N. Upper St: ±0.0367 acres
731 N. Upper St: ±0.0367 acres
Total: ±0.2273 acres
Ideally situated within walking distance of Greyline Station and an emerging mix of local restaurants, breweries, coffee shops, and retailers, these parcels benefit from an established urban neighborhood feel with the energy of a corridor on the rise. The surrounding area features a compelling mix of historic homes, multifamily properties, and active redevelopment — creating a natural fit for new construction that complements the character of the neighborhood. With R-3 zoning and multiple adjacent lots, developers have the flexibility to pursue a variety of infill residential concepts in a highly central location with strong urban residential demand and convenient access to public transit and downtown amenities.
Property Facts
| Price | $208,000 | Property Subtype | Residential |
| Sale Type | Investment | Total Lot Size | 0.23 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land | ||
| Zoning | R3 - R3 + Opportunity Zone | ||
| Price | $208,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.23 AC |
| Opportunity Zone |
Yes |
| Zoning | R3 - R3 + Opportunity Zone |
1 Lot Available
Lot
| Price | $208,000 | Lot Size | 0.23 AC |
| Price Per AC | $904,347.83 |
| Price | $208,000 |
| Price Per AC | $904,347.83 |
| Lot Size | 0.23 AC |
1 1
Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (80)
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719 N Upper St - R-3 Zoned Infill Development Opportunity
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