Nicholasville Road Development Site

2395 Nicholasville Road Lexington, KY 40503

Lexington
FOR SALE
Property Type:
Free Standing Building
Amount:
$1,800,000
Last Verified:
Apr 14, 2025

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Highlights

  • ±1.61-acre corner assemblage near intersection of Nicholasville Rd and Pasadena Dr
  • Zoned B-1 and R-1C, offering retail, medical, and potential multifamily redevelopment flexibility
  • Nicholasville Rd frontage with full access Nicholasville Road and Pasadena Drive
  • 45,000+ VPD
  • Prime infill location surrounded by dense rooftops, Class A retail, and major medical anchors

Description

SVN Stone Commercial is pleased to present a rare redevelopment opportunity along Nicholasville Road, Lexington’s dominant corridor for healthcare, retail, and daily commuter traffic. This 1.61-acre assemblage includes three contiguous parcels at 2395 Nicholasville Road, 131 Pasadena Drive, and 147 Pasadena Drive. The site has access to a signalized intersection directly across through Pasadena Drive and offers excellent visibility, access, and lucrative zoning.

With frontage along both Nicholasville Road and Pasadena Drive, this property is ideally positioned for retail, medical, multifamily, or mixed-use development. The surrounding area includes dense residential neighborhoods, retail destinations, and major medical and institutional anchors. High traffic counts and strong demographics make this one of the most strategically located redevelopment sites remaining along the Nicholasville corridor.

For more information or to schedule a tour, please contact Weston Lockhart at weston.lockhart@svn.com // 859.317.3538 or Nathan Dilly at nathan.dilly@svn.com //859.420.5492.

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.

Building Size: 8400sq ft
Lot Size: 1.61 acres


Documents

Brochure - 2395 Nicholasville Rd.pdf

Map of 2395 Nicholasville Road, Lexington, KY, 40503

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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.
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