0 Baths

$295,000

850 De Roode Street, Lexington KY, 40508

Price per sqft$14.72

Lot size0.46 Acres

Property typeLand

Listed by Robert W Rouse with Block + Lot Homes

Overview

Active

Listed Oct 13, 2026

Updated 45h ago

We are pleased to present a ±0.46-acre R-4 multifamily development site for sale just west of downtown Lexington. A 2022 development plan for a four-story, 16-unit / 30-bedroom apartment building totaling ±16,928 SF is available for review, along with the 2022 architectural plans, civil plans, geotechnical report, and renderings. The plan's site statistics show 14 two-bedroom and 2 one-bedroom units, 8 of them designated affordable, with 24 parking spaces. Buyer to verify current plan status, variances, and any expiration with LFUCG Planning. Located at the corner of De Roode Street and Valley Avenue, the property is under half a mile from the Distillery District and within about 1.5 miles of downtown, Rupp Arena and Central Bank Center, and the University of Kentucky. The property sits on Lexington's near west side between the W. High Street / Versailles Road (US-60) corridor and the Distillery District along Manchester Street, where historic distillery buildings and new development house restaurants, breweries, the James E. Pepper Distillery, a music hall, and a boutique hotel. Downtown Lexington, Rupp Arena and Central Bank Center, The Red Mile, the University of Kentucky, and Transylvania University are all within about 1.5 miles. Property Highlights: -+/- 0.46-acre R-4 zoned site with a 2022 development plan (four story, 16 units - 30 bedrooms, +/-16,928 SF) available for review -2022 architectural and civil plans, geotechnical report, and renderings available for review -Under half a mile to the Distillery District, within about 1.5 miles of Downtown Lexington, Rupp Arena/Central Bank Center, and the University of Kentucky -Corner site with frontage on De Roode Street and Valley Avenue -Located in a federally-designated Qualified Opportunity Zone

Additional information

MLS^® ID: 26028345

Exterior Features

Lot Size: 0.46 Acres

Listing Contact:

The IDX display contains information sourced from the Bluegrass REALTORS® as of 10/14/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 10/14/2026 at 2:45 PM UTC