1551 S Lake Drive

Offering a rare development opportunity in one of Lexingtons fastest growing corridors, this 3.04-acre parcel features substantial road frontage on highly traveled South Lake Drive. Zoned ID (Intensive Development), the site is ideal for commercial or mixed-use ventures. A 2-story residence (approx. 2,056 sq ft*) sits on the parcel, currently configured as a 3-bed, 2-bath home, providing flexibility during transition to redevelopment. Additional adjoining parcels are available, allowing for assemblage and scale.The region is seeing major momentum: a 402-home residential project is slated directly across the street, and major retail anchors including Walmart and a new Target development are nearby. With high visibility, infrastructure already in place, and strong growth indicators, this property is uniquely positioned for investors, developers, or end users seeking long-term upside. Disclaimer: CMLS has not reviewed and, therefore, does not endorse vendors who may appear in listings.