Prime development opportunity in a high-traffic rural corridor with an unmet demand for commercial services! This 8-acre tract offers a rare "clean slate" for developers and investors looking to fill a major gap in the market. Located along State Road 3, this property benefits from strong pass-through traffic with limited nearby options for gas, food, or retail - the closest amenities are 15+ minutes away, creating a built-in customer base and everyday demand. This location is ideal for a convenience store, gas station, retail center, or quick-service restaurant to serve local residents, commuters, and travelers who currently have no nearby options. The surrounding rural community presents a unique opportunity for a high-visibility commercial hub where competition is minimal and need is high. With approximately 8 acres of level, usable land, there is flexibility for multiple layouts, future expansion, or phased development. Whether you're a seasoned developer or an investor seeking your next growth project, this property offers location, traffic exposure, and market demand - the trifecta for long-term commercial success. Don't miss your chance to secure a strategic footprint in an underserved area with strong development potential.
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Zillow last checked:
Listing updated:
Listed by:
Casey Elkins812-820-1526,
Kovener & Associates Real Esta,
Tamara Barger
Source: MIBOR as distributed by MLS GRID,MLS#: 22102533
Facts & features
Property
Lot
Size: 8.6 Acres
Topography: See Remarks
Details
Parcel number: 720617500005000005
Zoning: Currently Agricultural
Zoning description: Agricultur
Horse amenities: None
Utilities & green energy
Sewer: Septic Needed
Water: Municipal Water Near By
Community & HOA
Community
Subdivision: No Subdivision
HOA
Has HOA: No
Location
Region: Lexington
Financial & listing details
Annual tax amount: $1,686
Date on market: 5/16/2026
Cumulative days on market: 62 days
Listing terms: Will Divide
Road surface type: Asphalt
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
5/16/2026
Listed for sale
$975,000
Source: MIBOR as distributed by MLS GRID #22102533Report a problem
5/15/2026
Listing removed
$975,000
Source: MIBOR as distributed by MLS GRID #22084732Report a problem
2/20/2026
Listed for sale
$975,000
Source: MIBOR as distributed by MLS GRID #22084732Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Source: MIBOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.