+/-12.54 AC Chilesburg Land

451 Chilesburg Rd Lexington , KY 40509

451 Chilesburg Rd, Lexington , KY, 40509
451 Chilesburg Rd, Lexington , KY, 40509 451 Chilesburg Rd, Lexington , KY, 40509 451 Chilesburg Rd, Lexington , KY, 40509 451 Chilesburg Rd, Lexington , KY, 40509
FOR SALE
Property Type:
Other Land
Amount:
$2,614,000
Last Verified:
Nov 20, 2024

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Highlights

  • +/-12.54 AC development land
  • Offers multiple access points and proximity to major transportation routes
  • Located in the Chilesburg area just off Richmond Road near Jacobson Park
  • Quick and easy access to the major arteries and interstates serving the Lexington region
  • Close proximity to I-75, retail shops, hotel accommodations, financial institutions and other amenities located in the Richmond Road and Hamburg areas
  • Zoned AG, Agricultural Rural with flexible usage options
  • Expansion Area Residential (EAR-1) zoning recommended per LFUCG Planning
  • Potential uses include single-family, multi-family, townhouses, community residences, religious assembly and more
  • Sale Price: $2,614,000

Description

NAI Isaac is pleased to present +/-12.54 AC of development land for sale in Lexington.

Located in Southeast Lexington just off Richmond Road. This location offers quick and convenient access to the major arteries and interstates serving the Lexington region. Also convenient to this site are retail shops, hotel accommodations, financial institutions and other amenities located in the Richmond Road and Hamburg areas.


Year Built: 1980
Building Size: 2520sq ft
Lot Size: 12.54 acres


Documents

451 Chilesburg Rd, Lexington

Map of 451 Chilesburg Rd, Lexington , KY, 40509

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.