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    1908 Nicholasville Centre Dr Lexington, KY 40503

    Sponsored
    For Sale
    Contact for pricing

    High-traffic retail space near Fayette Mall.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    340
    This exceptional 1,800 square foot commercial space is ideally situated at 1908 Nicholasville Centre Drive, Unit 200, Lexington, KY, within the highly desirable Fayette Square. Boasting a prime location just off Nicholasville Road, this property benefits from exceptional visibility and high foot traffic due to its proximity to the bustling Fayette Mall. The 2.47-acre lot provides ample space and parking opportunities, enhancing the overall appeal and accessibility for customers and employees. The versatile space is perfect for a wide range of businesses, from established franchises seeking expansion to local entrepreneurs launching new ventures. This location offers unparalleled exposure to a large and diverse customer base, ensuring significant potential for growth and success. The property's strategic placement within Fayette Square guarantees a vibrant and thriving business environment. Interested parties are encouraged to inquire further to explore the possibilities this exceptional commercial space presents. This is a rare opportunity to secure a prominent location in one of Lexington's most sought-after commercial areas. The property is priced at $14 million.

    Property Features for 1908 Nicholasville Centre Dr

    General Information

    Property type
    Other commercial real estate
    Lot Size
    107,593 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Food Market Clothing Store Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.52772
    Latitude
    37.98444

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic retail space near Fayette Mall.
    Where is this commercial real estate located?
    The property is located at 1908 Nicholasville Centre Dr Lexington, KY.
    What is the asking price?
    The asking price for this property is $14.
    (859) 721-2121
    Request Owner's contact information
    1908 Nicholasville Centre 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
    1908 Nicholasville Centre Dr Lexington, KY 40503
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