2.99 Usable Acres of Light Industrial Land For SALE

981-985 Freight Boulevard Lexington, KY 40508

981-985 Freight Boulevard, Lexington, KY, 40508
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FOR SALE
Property Type:
Commercial Land Development
Amount:
$1,050,000
Last Verified:
Sep 27, 2023


Description

SVN Stone Commercial Real Estate is pleased to bring to market an exceptionally rare tract of industrial frontage land located at 981 & 985 Freight Boulevard.

The two tracts combined have over 500 linear feet of frontage to Newtown Pike which sees on average 34,000 VPD/day. The two parcels contain 4.14 acres (gross) with the usable acreage at 2.99 acres. The land sits flat needing minor site work and is already entitled with all utilities to the site.

Viable uses for the rarely available I-1 zoning include but are not limited to: Self Storage, rental equipment retailers, oil change/service stations, office/flex space, as well as light manufacturing.

Design services for build-to-suit opportunities are available upon request. For a private tour of the tract or to discuss at further length, please reach out to John Bunch, SIOR at 859-433-8911 or john.bunch@svn.com.

Lexington, Kentucky has been rated as one of America's premier cities by some of the most noted and revered industry standard-bearers, such as Forbes magazine, the U.S. Census Bureau, Cognetics consulting group, Dun & Bradstreet, Ladies Home Journal, and Places Rated Almanac - just to name a few. Most people think of rolling countryside with stone fences, great basketball action, horse farms, Thoroughbred racing at Keeneland, a diverse economy, and outstanding schools, colleges and universities. Our community ranks high in quality of life factors, such as health care, public safety, educational attainment, and quality family living. The area also measures high among the best places for business location, creativity, entrepreneurial growth, and career relocation. Residents of competing cities view Lexington as a beautiful place, with great schools, an innovative health care system, a strong economy, and mountains of potential.

Lot Size: 2.99 acres


Documents

Brochure - 981 - 985 Freight Blvd, Lexington
Site Plan - Front Lots
Lot 9 and 10 Depiction

Map of 981-985 Freight Boulevard, Lexington, KY, 40508

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.