This 0.75-acre parcel at 355 Cool Run is a rare, level building site with immediate development potential. With 32,470 square feet and direct frontage on Cool Run, the lot’s grade and frontage simplify site planning and reduce early-site work. Zoned RA-3 (Residential Agricultural), the property is well suited to a single-family residence or a custom builder’s spec project.
Practical utilities are already in place: municipal water and sewer services serve the lot and both electric and natural gas are available, making hookups straightforward. The parcel was acquired in June 2024 by Dream Builders WS Construction LLC, and the county assessed the land at $50,000 (2025). Annual taxes are modest—approximately $500—so carrying costs are low while you plan development or hold for appreciation.
Recent new construction nearby provides a clear indicator of market opportunity. Two newly built single-family homes on Cool Run closed in February 2026 in the upper-$400,000s (roughly $198–$202/sf for ~2,500-sf homes). Those sales demonstrate what thoughtfully executed product can achieve in this pocket of Lexington and provide a real-world benchmark for developers evaluating lot value and potential returns.
Location is quietly convenient: downtown Lexington is about three miles away for restaurants, shops and services, Davidson County Community College sits roughly four miles out, and High Rock Lake is within a five-mile drive for boating and water recreation. School options in the district include Welcome Elementary (3/10), North Davidson Middle (9/10) and North Davidson High (6/10), offering a mix of choices depending on buyer priorities.
For builders, investors or a homeowner ready to custom-build, 355 Cool Run removes many of the typical hurdles—level topography, municipal utilities and a zoning designation aligned with single-family residential use. Market indicators in the area are steady: median sale price near $250,000, average days on market about 45, and inventory running around 3.5 months—conditions that support both short-term build-and-sell strategies and longer-term hold plays. Bring your plans and permits; this lot is positioned to move from concept to foundation quickly.
Broker/Buyer Checklist: confirm setbacks and any county-specific requirements under RA-3, verify final utility tap processes, and consult site plan options with local builders who have recent track records on Cool Run.