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McCracken Pike - The Reserve at Glenns Creek 41.3 Acres of Commercial Land in Versailles, KY 40383
INVESTMENT HIGHLIGHTS
- Rare opportunity to acquire a large-scale single family project in a supply constrained market
- Preliminary plat includes 97 single-family lots
- Potential 41.3 AC single-family development
EXECUTIVE SUMMARY
The property currently has both R-1A and R-1B zoning, which allow for the development of single family detached homes as a matter of right. The seller recently obtained preliminary plat approval for 97 single family lots, the average size of which is approximately 14,500 square feet. We anticipate offers closing at final plat approval, which can either be completed by the seller or the purchaser.
The market in Versailles demonstrates a strong and consistent demand for new single-family homes, driven by its desirable location within the Lexington metropolitan area and its reputation for excellent schools and a high quality of life. The limited availability of existing housing stock, coupled with the ongoing influx of professionals drawn to the region’s expanding economy, creates a compelling opportunity for a well-planned, single-family development to meet the growing needs of the community.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Lot Size | 41.30 AC |
| Lot Size | 41.30 AC |
DESCRIPTION
NAI Isaac and KLNB Capital Markets are pleased to present 41.3 AC for sale for single-family development opportunity in Versailles. The market in Versailles demonstrates a strong and consistent demand for new single-family homes, driven by its desirable location within the Lexington metropolitan area and its reputation for excellent schools and a high quality of life. The limited availability of existing housing stock, coupled with the ongoing influx of professionals drawn to the region’s expanding economy, creates a compelling opportunity for a well-planned, single-family development to meet the growing needs of the community.
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McCracken Pike - The Reserve at Glenns Creek
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