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    1617 Clays Mill Rd Lexington, KY 40503

    For Lease
    Contact for pricing

    Prime Retail Space, High Traffic Area

    Lot size:
    2,321 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This freestanding retail building, totaling 2,321 square feet, sits on a 0.61-acre lot at 1617 Clays Mill Rd, Lexington, KY 40503. The property is zoned B-1, Neighborhood Business, and offers ample on-site parking. Its strategic location at the intersection of Harrodsburg Road and Clays Mill Road provides exceptional visibility and accessibility. The building is currently vacant and presents a unique opportunity for a single tenant. Benefit from high daily traffic counts, exceeding 41,613 vehicles per day, with approximately 32,000 on Harrodsburg Road and 9,603 on Clays Mill Road. This location enjoys proximity to the University of Kentucky (less than half a mile), boasting over 30,000 students and 12,000 employees, as well as being within two miles of downtown Lexington, offering easy access to a large population base. The area also benefits from its proximity to schools and hospitals, further enhancing its appeal and potential customer base. This single-story building presents a versatile space ideal for a variety of retail uses. The property's size and location make it an attractive investment opportunity with significant potential for growth and return.

    Property Features for 1617 Clays Mill Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,321 SF

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    2,321 SF

    HighLights

    • 2,321 SF building with drive‑thru on a 0.613‑acre lot.
    • B‑1 Neighborhood Business zoning.
    • Excellent location at Harrodsburg and Clays Mill Roads, two miles from downtown Lexington and half a mile from the University of Kentucky.
    • High traffic area with over 41,613 vehicles per day.
    • Strong tenant synergy with adjacent Bluegrass Orthopedics and Southside Technical Center.
    • Surrounded by major retailers including Home Depot, Walgreens, and numerous restaurants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ATM Atm

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.5295708
    Latitude
    38.0295059

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail Space, High Traffic Area
    Where is this individual retail property located?
    The property is located at 1617 Clays Mill Rd Lexington, KY.
    What are key features of this property?
    This property features: 2,321 SF building with drive-thru on a 0.613-acre lot.; B-1 Neighborhood Business zoning.; Excellent location at Harrodsburg and Clays Mill Roads, two miles from downtown Lexington and half a mile from the University of Kentucky.
    Request Owner's contact information
    1617 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
    1617 Clays Mill Rd Lexington, KY 40503
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