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    216 Southland Dr Lexington, KY 40503

    Sponsored
    For Sale
    $799,000

    LAND - Lexington, KY

    Lot size:
    0.47 Acres
    Days on Market:
    85
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 216 Southland Dr

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    APN
    11565400
    Lot size
    0.47 Acres

    Utilities

    Utilities
    Water Available

    Jack Foley Real Estate Service 2214080

    Listing agent John L Foley (859) 221-4080

    Listing date Oct 13, 2025

    MLS# 24007768 Listing URL

    Copyright © 2026 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

    Commercial Corner Lot on Southland

    This commercial corner lot is zoned B-1 and situated on a well-known and busy business corridor in Lexington, Kentucky. The location benefits from a traffic count of approximately 13,200 cars per day. Potential uses include a coffee shop, doughnut shop, telephone store, or bank branch. Southland Drive underwent an extensive renovation project in 2020, which included the installation of new sidewalks, drainage system improvements, landscaping, new pavement, and widening of the street to accommodate a new center turning lane and bicycle lanes. These improvements have enhanced the desirability of the business area. The property, formerly a gas station, has undergone tank removal and remediation work by Shield Environmental Associates Inc. The Kentucky Department of Environmental Protection has issued a "No Further action with Facility Letter". The lot size is 0.473 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    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.

    Similar Places Nearby

    Kroger Floral, Flower.Com

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.521135
    Latitude
    38.013167

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    FAQs

    What type of property is this?
    Storefront property - Corner lot on a busy corridor, suitable for various businesses.
    Where is this storefront property located?
    The property is located at 216 Southland Dr Lexington, KY.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: - High-traffic corner lot on a well-known business corridor (13,200 cars/day).; - Zoned B-1, suitable for various commercial uses (coffee shop, bank, etc.).; - Environmental remediation complete with "No Further Action" letter from the Kentucky Department of Environmental Protection.
    (859) 221-4080
    Request Owner's contact information
    216 Southland Dr Lexington, KY 40503
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    Lexington, KY 40503
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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
    216 Southland Dr Lexington, KY 40503
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