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319 Duke Rd Lexington, KY 40502

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For Sale
$5,100,000

24-unit property in Lexington's Chevy Chase neighborhood, built in 2020.

Property Features for 319 Duke Rd

General Information

Zoning
R-3

Source: Justin Ryder, CCIM Agent Justin Ryder, CCIM

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Lexington Chevy Chase Multifamily Opportunity

Located in Lexington's Chevy Chase neighborhood, this 23,216 square foot property was built in 2020. Originally designed and certified for assisted living, the 24-unit building is suitable for boutique apartments, medical housing, or other residential care uses. The property is located two miles from downtown Lexington and the University of Kentucky, offering access to neighborhood shops and a strong sense of community. The property includes one-bedroom units ranging from 560 to 580 square feet. The building features a lodge-style clubhouse and common areas with high-quality finishes, a resident lounge, and a main dining area with a full commercial kitchen. The basement level provides space for fitness and recreation. Residents can enjoy a large enclosed courtyard and garden area. The property also includes administrative offices and private meeting areas. It features 24 parking spaces, a generator, an elevator, and sprinklers. The property is near barber shops, pharmacies, cafes, and restaurants. The seller may consider a short-term leaseback while the buyer implements their business plan.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Chevy Chase Gardens Assisted Living Facility Harbor Behavioral Health Mental Health Service YWCA Nursing Home

Suggested Use

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

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

Similar Places Nearby

Chevy Chase Gardens

Location Insight

  • Map
  • Local Demand
City
Lexington
County
Fayette
State
Kentucky
Longitude
-84.48694
Latitude
38.020928

FAQs

What type of property is this?
Assisted living facility - 24-unit property in Lexington's Chevy Chase neighborhood, built in 2020.
Where is this assisted living facility located?
The property is located at 319 Duke Rd Lexington, KY.
What is the asking price?
The asking price for this property is $5,100,000.
What are key features of this property?
This property features: - Turnkey Class-A property built in 2020 with 24 units and FF&E included, ready for immediate operation.; - Highly desirable and walkable Chevy Chase location, close to amenities, the University of Kentucky, and downtown Lexington.; - Flexible design suitable for assisted living, boutique apartments, medical housing, or other residential care uses.
More about this property
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