1749 Russell Cave Road - 4 Acres
Land | 4 acres
Marketing description
SVN Stone Commercial Real Estate is pleased to present a prime residential development opportunity in Lexington, Kentucky. This 4-acre parcel, located at 1749 Russell Cave Road, is zoned R-1E with all utilities available on site.
Strategically positioned between Newtown Pike and Russell Cave Road, a major thoroughfare with high traffic volume, the property is surrounded by established residential and commercial developments. With the city's planned extension of Citation Boulevard to connect with Russell Cave Road, the site stands to benefit significantly from improved access and visibility.
This fantastic apartment site with utilities subject to rezone offers an excellent opportunity to meet Lexington's growing demand for housing.
According to the Kentucky Housing Corporation, Fayette County currently faces a shortage of 22,589 housing units. This development can play a key role in addressing that critical need.
Investment highlights
- 4 Acres
- Zoned R-1E
- City Plans to Extend Citation Blvd to Russell Cave Rd, benefiting this property
- All Utilities on Site
- Behind the newly proposed Kroger on Citation Blvd
- Prime for appartment rezoning and development
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