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    103 Baker Ave Lancaster, KY 40444

    New
    Pending
    For Sale
    $185,000

    COMMERCIAL - Lancaster, KY

    Lot size:
    1.00 Acre
    Days on Market:
    6
    Last Refresh:
    Dec 7 at 11:06 am

    Property Features for 103 Baker Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Lot size
    1.00 Acre

    CENTURY 21 Advantage Realty, A Robinson Company

    Listing agent Jennifer P Hand (859) 624-5488

    Listing date Dec 2, 2025

    Copyright © 2025 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Former Gas Station/Market Opportunity

    This property, formerly a gas station and market, is currently rented to the Garret Co. Food Pantry, with the remaining space used for storage. The large building is suitable for conversion into a grocery store. Gas and diesel tanks are present and capped off, having been upgraded in recent years. A large parking lot is available, and the sale includes a house situated on a corner lot adjacent to the parking area. While the house requires demolition, the lot itself is a desirable corner location. This property is being sold as is and presents an excellent opportunity. The tenant will vacate the premises if necessary.
    Location Intelligence

    Current Use by Public Records

    Gas stations

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Hair Salon Clothing Store Nail Salon Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Garrard
    State
    Kentucky
    Longitude
    -84.57895
    Latitude
    37.612484

    Nearby Similar for Sale

    • $189,000
      Pending

      Mixed-Use Property in Lancaster, KY

      Mixed-use property featuring retail and residential potential in Lancaster, KY.
      1 Public Sq, Lancaster, KY 40444
      View Details
    • $425,000
      1.47 Acres

      Established Diner - Lancaster, KY

      Turnkey Restaurant, Loyal Clientele, High Profits
      1862 Pine Crest Rd, Lancaster, KY 40444
      View Details

    FAQs

    What type of property is this?
    Gas station - Large building, parking, and corner lot included in sale.
    Where is this gas station located?
    The property is located at 103 Baker Ave Lancaster, KY.
    What is the asking price?
    The asking price for this property is $185,000.
    What are key features of this property?
    This property features: - Large building suitable for a grocery store.; - Large parking lot included.; - Corner lot with a house included (potential for redevelopment after tear-down).
    (859) 624-5488
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    103 Baker Ave Lancaster, KY 40444
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