+/-2.53 AC Shovel-Ready Site

300 Lindenhurst Dr Lexington , KY 40509

300 Lindenhurst Dr, Lexington , KY, 40509
300 Lindenhurst Dr, Lexington , KY, 40509 300 Lindenhurst Dr, Lexington , KY, 40509 300 Lindenhurst Dr, Lexington , KY, 40509 300 Lindenhurst Dr, Lexington , KY, 40509 300 Lindenhurst Dr, Lexington , KY, 40509 300 Lindenhurst Dr, Lexington , KY, 40509
FOR SALE
Property Type:
Multifamily Land
Amount:
$1,550,000
Last Verified:
Oct 01, 2024

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Highlights

  • +/-2.53 AC shovel-ready land
  • Fully approved development plan in place that can be utilized for 56 unit apartment complex
  • Adjacent to Steeplechase Apartments and possible future development (retail, multifamily and medical)
  • Located in Southeast Lexington just off Richmond Road and Man O' War Boulevard near Saint Joseph East Hospital and Valvoline Headquarters
  • This location offers quick and convenient access to the major arteries and interstates serving the Lexington region
  • Zoned R-4, Medium Density Residential
  • Sale Price: $1,550,000

Description

NAI Isaac is pleased to present 2.53 AC shovel-ready site zoned R-4 in Lexington. Great location and access to Richmond Road, Man O' War and I-75.

Located in Southeast Lexington just off Richmond Road and Man O' War Boulevard near Saint Joseph East Hospital and Valvoline Headquarters. 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.

Lot Size: 2.53 acres


Documents

300 Lindenhurst Dr

Map of 300 Lindenhurst Dr, 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.