1551 S Lake Drive
Redevelopment Opportunity
Marketing description
Offering a rare development opportunity in one of Lexington’s fastest growing corridors, this 3.04-acre parcel features substantial road frontage on highly traveled South Lake Drive. Zoned ID (Intensive Development), the site is ideal for commercial or mixed-use ventures. A 2-story residence (approx. 2,056 sq ft*) sits on the parcel, currently configured as a 3-bed, 2-bath home, providing flexibility during transition to redevelopment. Additional adjoining parcels are available, allowing for assemblage and scale.The region is seeing major momentum: a 402-home residential project is slated directly across the street, and major retail anchors including Walmart and a new Target development are nearby. With high visibility, infrastructure already in place, and strong growth indicators, this property is uniquely positioned for investors, developers, or end users seeking long-term upside.
Investment highlights
Prime Development Opportunity: 3.04 acres with 373 feet of frontage on South Lake Drive, zoned ID (Intensive Development)—ideal for commercial or mixed-use projects.
Explosive Growth Corridor: Located directly across from a planned 402-home residential development and near Walmart and the new Target, offering exceptional visibility and future traffic.
Flexible Use Potential: Includes an existing 3-bed, 2-bath home that can serve as an office or rental during redevelopment, with adjoining parcels available for possible assemblage.
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