201 Canebrake Dr - Canebrake 62.93 Acres of Commercial Land in Lexington, KY 40509

Canebrake — 62.93± Acres of Dual-Zoned Development Land on I-75 | Lexington, KY Canebrake is an exceptionally rare 62.93± acre development opportunity contiguous to Interstate 75 at Exit 104 in Lexington, Kentucky (Fayette County). Offered as five parcels sold together, the property carries dual zoning — approximately 32 acres of I-1 Light Industrial and approximately 34 acres of R-4 Medium Density Residential — delivering a level of mixed-use flexibility that is virtually impossible to assemble in an established metro corridor. With direct interstate frontage, city utilities at the road, and a clean farmland canvas, Canebrake is positioned for a wide range of industrial, residential, or master-planned uses. This is a multiple-interest offering in one of Central Kentucky's strongest growth corridors. DUAL ZONING — RARE FLEXIBILITY The property's greatest strength is its split zoning across a single contiguous assemblage. Roughly 32 acres are zoned I-1 Light Industrial and roughly 34 acres are zoned R-4 Medium Density Residential, both within Lexington-Fayette Urban County limits. A buyer can pursue an industrial project, a residential community, or a combined master plan without leaving the site — an increasingly scarce proposition along the I-75 corridor. City water and electric are available at the road to serve either use. Buyers should verify all zoning classifications, permitted uses, densities, and development standards directly with the Lexington-Fayette Urban County Government. INDUSTRIAL DEVELOPMENT POTENTIAL The ~32 acres zoned I-1 Light Industrial front directly on I-75 at Exit 104, delivering premier interstate visibility and logistics connectivity for warehouse, distribution, flex-industrial, and light manufacturing operations. Water and electric are available at the road, reducing infrastructure costs and compressing development timelines. The site plugs into Central Kentucky's 500,000+ labor force, the University of Kentucky talent pipeline, and the regional supply chain anchored by the nearby I-75 / I-64 interchange — making Canebrake a strong candidate for third-party logistics (3PL) operators, e-commerce distribution, flex-industrial users, and light manufacturers seeking a hard-to-find interstate-frontage site. Direct access via Athens Boonesboro Road onto Canebrake Drive supports efficient truck and employee circulation. RESIDENTIAL DEVELOPMENT POTENTIAL The ~34 acres zoned R-4 Medium Density Residential support a broad spectrum of housing product. Under the Lexington-Fayette ordinance, R-4 permits single-family detached dwellings, two-family (duplex) dwellings, townhouses, and multi-family dwellings — giving developers real latitude in how they shape a community. Viable scenarios include a premium single-family subdivision, a townhome or multi-family community, build-to-rent (BTR) product, a blended mixed-residential plan, or an age-restricted / active-adult community close to services. City water and electric are available for extension, the site sits adjacent to the Sayre School Athletic Facility and the Lexington Sporting Club for strong family appeal, and a natural wet-weather creek adds amenity value for community planning and open-space design. Lexington's sustained housing demand continues to drive strong absorption for well-located new product. PARCEL DETAIL & SITE FEATURES Five contiguous parcels totaling 62.93± acres, sold together: Parcel 92940 — 21.05± ac — 251 Canebrake Dr Parcel 93170 — 11.32± ac — 250 Canebrake Dr Parcel 92930 — 10.13± ac — 201 Canebrake Dr Parcel 92950 — 10.01± ac — 301 Canebrake Dr Parcel 93180 — 10.42± ac — 200 Canebrake Dr On-site features include two tobacco barns, a small residential home, a natural wet-weather creek, and direct contiguity to I-75. The land is currently in productive farmland use — a development-ready canvas with road access and utilities at the road. Site preparation will vary depending on the intended use. LOCATION & ACCESS Lexington, KY (Fayette County) Contiguous to I-75 at Exit 104 (Athens Boonesboro Rd) Access via Athens Boonesboro Road onto Canebrake Drive Adjacent to the Sayre School Athletic Facility Adjacent to the Lexington Sporting Club City water and electric available at the road Minutes to downtown Lexington and the University of Kentucky Central Kentucky logistics hub — I-75 / I-64 interchange nearby WHO THIS FITS Canebrake is built to attract two primary buyer pools with distinct value drivers: industrial and logistics developers (warehouse, distribution, flex-industrial, manufacturing, 3PL, and e-commerce operators drawn to the I-75 corridor) and residential developers (single-family, townhome, and multi-family builders, build-to-rent operators, and institutional investors). It is equally compelling for mixed-use master planners and land investors — REITs, private equity, and family offices — seeking a rare, entitlement-flexible position on an interstate frontage. THE OFFERING 62.93± acres | 5 parcels (sold together) | I-1 Light Industrial & R-4 Medium Density Residential | I-75 frontage at Exit 104, Lexington, KY. A rare, multiple-interest offering. Contact the brokers for pricing and additional information: Doug Gibson — (859) 699-0141 — dgibson@thegibsoncompany.com Jim Powell — (859) 433-3133 — jpowell@thegibsoncompany.com The Gibson Company | Commercial Real Estate Services All information believed accurate but not guaranteed. Buyer to verify all data. Acreage is approximate (±). Mineral rights conveyed to the extent held by seller — title search recommended. Zoning, permitted uses, and densities to be verified with the Lexington-Fayette Urban County Government. Boundaries for illustrative purposes — verify with Fayette County PVA and a licensed surveyor.