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20 Farra Dr

1.25 Acres of Commercial Land Offered at $312,500 in Lancaster, KY 40444

Investment Highlights

  • +/-1.25 AC development lot for sale
  • Frontage on US Highway 27, one of the main thoroughfares from Lexington to Somerset
  • Zoned I-1, Industrial District; which permits some commercial developments including gas stations and retail businesses for manufactured products
  • Prime location at the corner of Farra Drive & Stanford Street/US Hwy 27
  • Located +/-15 miles to Herrington Lake, +/-22 miles to Nicholasville and +/-30 miles to Lexington

Executive Summary

Prime location at the corner of Farra Drive & Stanford Street/US Hwy 27

Property Facts

Price $312,500
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Industrial
  • Retail
  • Auto Repair
  • Convenience Store
  • Retail Warehouse
  • Service Station
Total Lot Size 1.25 AC

1 Lot Available

Lot

Price $312,500
Price Per AC $250,000
Lot Size 1.25 AC

US 27 Development Lot

Description

NAI Isaac is pleased to present +/-1.25 AC development lot for sale in Lancaster. The property is located on US Hwy 27, the heavily traveled north south artery from Lexington to Somerset near the Square in Lancaster and 7 miles north of Stanford. Lancaster is the county seat of Garrard County, located 30 miles south of Lexington.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
27-52
Land Assessment
$50,000
Improvements Assessment
$0
Total Assessment
$50,000

zoning

Zoning Code I-1 (Industrial District allows some commercial developments including gas stations and retail business for manufactured projects.)
I-1 (Industrial District allows some commercial developments including gas stations and retail business for manufactured projects.)
  • Listing ID: 34248979

  • Date on Market: 12/19/2024

  • Last Updated:

  • Address: 20 Farra Dr, Lancaster, KY 40444

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