4578 Georgetown Road, Lexington, KY 40511

$600,000
Property Type: Land Lot Size (sq. ft.): 229,126 Status: Closed
Current Price: $600,000 List Date: 9/08/2018 Last Modified: 9/03/2025

Overview

Description

Large 5.26 acre commercial parcel located near Fayette County's border with Scott County. Part of the only commercial tract off of I-75 exit 120, this land is zoned B-3 and is ready for development. Adjacent parcel has been sold and the planned construction of a Shell gas station will begin shortly. Most business uses are possible including a restaurant, bank or retail space. Very rare find in rapidly growing KY Horse Park area, this parcel will also be serviced by the major Georgetown Rd expansion project which is currently underway.

Listing Details MLS# 1820880

Listing Information

Property Sub Type
Unimproved Land

Status Change Information

Price Change Timestamp
2019-08-14T14:59:43Z
Status Change Timestamp
2019-08-14
Purchase Contract Date
2019-06-17
Close Date
2019-08-13
Close Price
600000
Buyer Financing
Conventional
Sale Type
Arms Length Sale
Concessions Comments
No

Address

County
Fayette
Street Number
4578
Street Name
Georgetown
Street Suffix
Road
State
KY
Zip Code
40511
Directions
Georgetown Rd North from Lexington or I-75 North Exit 120, left onto Iron Works Pike (Kentucky 1973), right onto Georgetown Rd. Property is on the right near the intersection.
Parcel Number
24555550

Contract

Original List Price
1100000
Start Showing Date
2018-09-07
Listing Contract Date
2018-09-07
Listing Agreement
Exclusive Right To Sell
Office Exclusive YN
No
List Price/Acre
171102.66
List Price/SqFt
3.93
Sold Price/Acre
114068.44
Sold Price/SqFt
2.62
SP/LP
0.67

Tax Legal

MLS Area Major
001 - Fayette County NW
Subdivision Name
Rural

Lot

Lot Size Acres
5.26
Lot Size Square Feet
229125.81

More Information

Remarks

Public Remarks
Large 5.26 acre commercial parcel located near Fayette County's border with Scott County. Part of the only commercial tract off of I-75 exit 120, this land is zoned B-3 and is ready for development. Adjacent parcel has been sold and the planned construction of a Shell gas station will begin shortly. Most business uses are possible including a restaurant, bank or retail space. Very rare find in rapidly growing KY Horse Park area, this parcel will also be serviced by the major Georgetown Rd expansion project which is currently underway.

Property Details

Floodplain YN
No

Tax & Legal

Zoning Description
B-3, AR

Utilities

Electricity Available
Yes
Natural Gas Available
Yes
Water Available
Yes

Listing Terms

Cash
Yes
Conventional
Yes
Lease Option
Yes

Special Listing Conditions

Standard
Yes

Property Features

Utilities: Electricity Available; Natural Gas Available; Water Available; Electricity Available; Natural Gas Available; Water Available Listing Terms: Cash; Conventional; Lease Option Special Listing Conditions: Standard
Listing Office: Keller Williams Bluegrass Realty
Last Updated: September - 03 - 2025
Information deemed reliable but not guaranteed.
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