WHAT IS A BUYER'S PREMIUM?
Posted on 10/06/2019
Prime Infill Location — Strategically positioned between Downtown Lexington and New Circle Road, in one of the city's most active redevelopment corridors.
Opportunity to Bid Your Price — No fixed asking price; competitive bid process creates potential for favorable acquisition economics.
Perfect Location for Private School or Training Center – Owner Users Take Note!
Revitalized Commercial & Healthcare District — Surrounded by growing healthcare, investment and commercial investment, driving long-term value appreciation.
Excellent Access & Ingress/Egress – Three street curb cuts – Harrodsburg Rd, Clays Mill Rd and McCubbing Dr provide tremendous access.
All Major Utilities In Place — Electric, natural gas, sewer, telephone, and cable available onsite — reducing infrastructure costs and time to market.
Rezoning Upside — Current R-1 zoning presents a clear path to seek rezoning for higher-density residential, mixed-use or healthcare-related uses.
Flexible Disposition or Hold Strategy — Suitable for immediate redevelopment, land banking, or phased development plays.
40,518 SF Adaptive Reuse Candidate — Single-story footprint offers flexibility for conversion to multifamily, medical office, community or mixed-use.
Multiple Roadway Access Points — Superior site connectivity supports high-traffic uses and simplifies civil engineering for redevelopment.
Heart-of-Lexington Positioning — Located in a high-visibility, high-demand urban corridor with strong demographics and built-in daytime population.
Healthcare District Momentum — Situated between St. Joseph Health, Lexington Clinic & UK Healthcare campuses provide growth & creates natural demand drivers for medical office, assisted living, or wellness-oriented development.
Clean Slate, Big Canvas — Decommissioned in 2025, the property is ready for a new chapter — with nearly 5 acres of urban land rarely available at this scale in Lexington.
Free & Clear Title – Title Commitment – ALTA Survey – ESA Ph. I Available
Property is being Sold in Cooperation with Schrader Commercial Properties, LLC | James Schrader, President
Tranzon Asset Advisors, Edward D. Durnil, KY Auctioneer #259408/Broker #187998
6% Buyers Premium based on the high bid and other terms apply.
Contact Kelly Toney at 713-816-1123 or ktoney@tranzon.com
Property Previews: Tuesday, April 21st at 12:00pm ET and Tuesday April 28th at 12:00pm ET
Sealed Bids Due By May 5th at 4:00pm ET
