For Sale: High Visibility Leestown Rd Development Site

2409 Merchant St Lexington, KY 40511

2409 Merchant St, Lexington, KY, 40511
2409 Merchant St, Lexington, KY, 40511 2409 Merchant St, Lexington, KY, 40511 2409 Merchant St, Lexington, KY, 40511 2409 Merchant St, Lexington, KY, 40511 2409 Merchant St, Lexington, KY, 40511 2409 Merchant St, Lexington, KY, 40511 2409 Merchant St, Lexington, KY, 40511 2409 Merchant St, Lexington, KY, 40511 2409 Merchant St, Lexington, KY, 40511 2409 Merchant St, Lexington, KY, 40511 2409 Merchant St, Lexington, KY, 40511 2409 Merchant St, Lexington, KY, 40511 2409 Merchant St, Lexington, KY, 40511 2409 Merchant St, Lexington, KY, 40511 2409 Merchant St, Lexington, KY, 40511
FOR SALE
Property Type:
Other Land
Amount:
$900,000
Last Verified:
Mar 02, 2026

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Highlights

  • 1.5 acre parcel ready for development
  • Excellent visibility from Leestown Rd (24,778 VPD)
  • Signalized access to Leestown Rd from Trade St
  • Key due diligence items availalbe: ALTA survey, phase 1 ESA, geotechnical report
  • Strong demographics

Description

SVN Stone Commercial Real Estate is pleased to present 2409 Merchant Drive for sale in Lexington, KY — a 1.5-acre, P-1 zoned development opportunity offering excellent visibility and signalized accessibility.

With approximately 24,778 vehicles per day, the site provides strong exposure along Leestown Rd. The property is flat and ready for development, making it ideal for a wide range of uses including medical offices, banks, professional services, daycares, and hotels.

Ownership has completed key due diligence, including an ALTA survey, Phase 1 ESA, and geotechnical report, helping streamline the path to construction.

Conveniently located near New Circle Road with quick access to Interstates 64 & 75, this site offers outstanding connectivity across Lexington and the surrounding region.

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: 1.5 acres


Documents

Brochure - 2409 Merchant Street cvc.pdf

Map of 2409 Merchant St, Lexington, KY, 40511

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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.