The development is just off the hard corner intersection of North Upper Street and West 2nd Street which serves over 25,000 vehicles per day. Furthermore, the asset benefits from nearby access to U.S. Highway 27 (50,400 VPD), making this an ideal centralized location with easy commutes. The asset is within walking distance from the prestigious University of Kentucky, home to a thriving community of over 31,500 students, complemented by a dedicated staff of 12,000 and a distinguished faculty of 2,000. Across the street, Transylvania University adds nearly 1,000 more students to the mix. Moreover, the site is located just east of Central Bank Convention center and Rupp Arena, the 2nd largest college basketball arena in the country by seat capacity (23,000 seats). The development’s immediate surroundings also include the UK Good Samaritan Hospital, a healthcare institution boasting 180 beds, a workforce exceeding 600 clinical and ancillary professionals, and a medical staff of over 600 accomplished physicians. The immediate area is a major retail thoroughfare serving the city of Lexington. The subject property is within close proximity of many national retail storefronts, including Target, CVS, McDonald’s, Chipotle, and more, providing nearby residents with a surplus of retail options. Located in the heart of Downtown Lexington, the 5-mile trade radius encompasses a population of more than 228,000 residents, with an impressive average household income of $81,317, underscoring the immense economic potential of this strategically positioned asset.
