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    3326 Clays Mill Rd Lexington, KY 40503

    Sponsored
    For Sale
    $499,900

    Clays Mill Road Development Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 0.5-acre commercial lot is ideally situated on the corner of Delzan Place and Clays Mill Road in Lexington, Kentucky, offering unparalleled visibility and accessibility. Zoned P-1 for professional office use, this property boasts direct frontage on Clays Mill Road, a major thoroughfare with an impressive 2020 annual daily traffic count of approximately 12,953 vehicles. Its prime location provides convenient access to key arteries such as Nicholasville Road, Man O' War Boulevard, Harrodsburg Road, and the Blue Grass Airport, ensuring high traffic volume and excellent exposure for any development. The lot's strategic positioning allows for easy access from Reynolds Road/Wellington Way, capitalizing on established traffic patterns within the Lexington region. This exceptional opportunity is priced at $499,900 and presents a unique chance to develop a thriving commercial venture in a high-demand area. The property's address is 3326 Clays Mill Rd, Lexington, KY 40503, within Fayette County. This is a rare chance to acquire a well-located, commercially zoned lot in a thriving Lexington neighborhood. The property is ready for development, offering a blank canvas for your vision. Don't miss this chance to secure a prime piece of Lexington real estate.

    Property Features for 3326 Clays Mill Rd

    General Information

    Property type
    Land
    Lot Size
    21,780 SF

    HighLights

    • 0.5‑acre lot with Clays Mill Road frontage.
    • Corner lot at Delzan Place and Clays Mill Road.
    • Excellent access to Man O' War Blvd, Nicholasville Rd, Harrodsburg Rd, Blue Grass Airport, and Lexington's downtown.
    • Prime location benefiting from high traffic counts on major Lexington arteries.
    • ~12,953 (2020) ADT on nearby Clays Mill Road.
    • P‑1 Professional Office zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm 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
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.547926
    Latitude
    37.9970921

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    FAQs

    What type of property is this?
    Land - Clays Mill Road Development Opportunity
    Where is this land located?
    The property is located at 3326 Clays Mill Rd Lexington, KY.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: 0.5-acre lot with Clays Mill Road frontage.; Corner lot at Delzan Place and Clays Mill Road.; Excellent access to Man O' War Blvd, Nicholasville Rd, Harrodsburg Rd, Blue Grass Airport, and Lexington's downtown.
    (859) 422-4400
    Request Owner's contact information
    3326 Clays Mill Rd 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
    3326 Clays Mill Rd Lexington, KY 40503
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