5.89 AC of R-4 Property For Sale

483 West Reynolds Road

Lexington, KY 40503

$4,500,000

Sale Price

Property Details

Status                                    For Sale
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Property Type                        Land
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Price                                      $4,500,000
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Zoning                                   R-4
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Size                                       5.89 AC
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Property Description

Ashland Avenue Baptist Church is pleased to present ±5.89 AC of prime R-4 property (±5.37 ac developable) located at 483 West Reynolds Road in Lexington, Kentucky (Fayette Co.). Situated near the major New Circle-Nicholasville Road interchange (80,000 ADT), this property is in a prime location for medium-high density residential development in a city facing a housing shortage. Paved access to the property from Wellington Way is complete through the asphalt base course and is to become a public street in Spring 2026. Developers of affordable and workforce housing have the potential to enjoy R-5 zone density due the Lexington Fayette Urban County Government’s recent urban growth management zoning ordinance text amendment found here.

For more information, please contact Jon Canler, Church Administrator, via email at jon@ashlandlex.org or by phone at 859-266-4341

Location Description

483 West Reynolds Road is a premier location for additional medium-high density residential development in Lexington, Kentucky where housing demand is outpacing housing supply. Situated in the Wellington neighborhood, this R-4 property is within walking distance of Fayette Mall, The Mall at Lexington Green, Meijer, Ashland Avenue Baptist Church, Lexington Christian Academy, Stonewall Elementary, Jessie Clark Middle School, Shillito Park, Lexington Fire Station #15, as well a host of amenities and services beneficial to residents. Three hospitals are within 3 miles (UK Healthcare, Baptist Health, & St. Joseph) while downtown Lexington and Blue Grass Airport (LEX) are within 6 miles. Located approximately 1 mile from major highways Nicholasville Road (80,010 ADT) and New Circle Road (69,347 ADT), the property is highly visible and highly accessible, waiting to be developed.