483 W. Reynolds Road R-4 Property
For Sale: 5.89 acres on R-4 Land
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Offering Summary
Property Information
Asking Price: $4,500,000
Lot Size: 5.89 acres
Zoning: R-4 Medium Density Residential
Investment highlights
Investment Highlights
Undeveloped medium density residential property in a city facing a housing shortage of 22,000 units
Could enjoy R-5 (high density) zoning benefits
Visibility to New Circle Road (69,000 VPD)
Within 1 mile of the New Circle Road/Nicholasville Road Interchange (80,000 ADT)
Conveniently located within 1 mile of Ashland Avenue Baptist Church, Lexington Christian Academy, Stonewall Elementary, Jessie Clark Middle School, Fayette Mall, The Mall at Lexington Green, Shillito Park, Wellington Park, Meijer, Lexington Fire Station 15, and a host of restaurants, banks, services, and more.
Within 3 miles of major hospitals (UK, Baptist, St. Joseph) and within 6 miles of downtown Lexington and Blue Grass Airport (LEX)
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