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    1108 W Lexington Ave Winchester, KY 40391

    Pending
    For Sale
    $800,000

    LAND - Winchester, KY

    Lot size:
    4.87 Acres
    Days on Market:
    72
    Last Refresh:
    Dec 7 at 5:06 am

    Property Features for 1108 W Lexington Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    043-3016-016-00
    Lot size
    4.87 Acres

    Utilities

    Utilities
    Water Available

    Kentucky Residential Real Estate, LLC 2295974

    Listing agent Jason Townsend (859) 229-5974

    Listing date Sep 27, 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

    Winchester Multi-Family Development Opportunity

    This is a rare opportunity to purchase a large multi-family development in the heart of Winchester. The property is located directly across the street from Legacy Grove Park. Included with the sale are all building and engineering plans to construct 66 approved townhomes, with the possibility of adding 4 more. The property is currently zoned PD (Planned Development) but could possibly be changed to commercial due to neighboring commercial property. The main property encompasses 4.87 acres. Two additional parcels, located at 220 and 231 Fairfield Way, are also included. Some sewer infrastructure materials have already been purchased. The property can be accessed from Fairfield Way. This is a great investment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Winchester
    County
    Clark
    State
    Kentucky
    Longitude
    -84.197713
    Latitude
    37.998948

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    FAQs

    What type of property is this?
    Residential land & home lot - Large multi-family development opportunity in Winchester, across from Legacy Grove Park.
    Where is this residential land & home lot located?
    The property is located at 1108 W Lexington Ave Winchester, KY.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: - Approved plans for a 66-unit townhome development (with potential for 4 more).; - Prime location directly across from Legacy Grove Park.; - Large 4.87-acre property with two additional parcels included.
    (859) 229-5974
    Request Owner's contact information
    1108 W Lexington Ave Winchester, KY 40391
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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
    1108 W Lexington Ave Winchester, KY 40391
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