Description
Offering a rare development opportunity in one of Lexingtons fastest growing corridors, this 3.04-acre parcel features substantial road frontage on highly traveled South Lake Drive. Zoned ID (Intensive Development), the site is ideal for commercial or mixed-use ventures. A 2-story residence (approx. 2,056 sq ft*) sits on the parcel, currently configured as a 3-bed, 2-bath home, providing flexibility during transition to redevelopment. Additional adjoining parcels are available, allowing for assemblage and scale.The region is seeing major momentum: a 402-home residential project is slated directly across the street, and major retail anchors including Walmart and a new Target development are nearby. With high visibility, infrastructure already in place, and strong growth indicators, this property is uniquely positioned for investors, developers, or end users seeking long-term upside. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.
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0BEDS
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3.04ACRES
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0BATHS
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01/2 BATHS
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2,056SQFT
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$219$/SQFT
School Ratings & Info
Description
Offering a rare development opportunity in one of Lexingtons fastest growing corridors, this 3.04-acre parcel features substantial road frontage on highly traveled South Lake Drive. Zoned ID (Intensive Development), the site is ideal for commercial or mixed-use ventures. A 2-story residence (approx. 2,056 sq ft*) sits on the parcel, currently configured as a 3-bed, 2-bath home, providing flexibility during transition to redevelopment. Additional adjoining parcels are available, allowing for assemblage and scale.The region is seeing major momentum: a 402-home residential project is slated directly across the street, and major retail anchors including Walmart and a new Target development are nearby. With high visibility, infrastructure already in place, and strong growth indicators, this property is uniquely positioned for investors, developers, or end users seeking long-term upside. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.
© 2025 Consolidated Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Gaymon Realty Group. Data last updated: 2025-11-11T23:40:11.347.