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    3620 Lexington Rd Versailles, KY 40383

    Sponsored
    For Lease
    $0.64 SF/Yr ($2,123 /Mo)

    High-traffic retail land, excellent visibility.

    Lot size:
    39,813 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.914-acre outlot presents a prime retail opportunity on US 60 (Lexington Road) in Versailles, Kentucky. Situated at the signalized intersection of Lexington Road and Huntertown Road, this property boasts unparalleled visibility and accessibility. The B-5, Highway Interchange Service zoning allows for a variety of commercial uses, making it ideal for businesses seeking high-traffic exposure. With a total building square footage potential of 39,813 square feet, this site offers significant development potential to cater to the growing residential population of Woodford County. Its strategic location provides convenient access to the thriving markets of Versailles, Lexington, and Frankfort, ensuring a strong customer base. The property is available for sale or ground lease, offering flexibility for potential buyers or lessees. This is a rare opportunity to acquire a highly visible and strategically located commercial parcel in a rapidly developing area. The property's location at a signalized intersection ensures maximum exposure to vehicular traffic, making it an attractive proposition for businesses seeking high visibility and accessibility. The 0.91-acre lot size provides ample space for development, while the existing infrastructure further enhances its appeal. This is an exceptional opportunity to establish a thriving business in a dynamic and growing community.

    Property Features for 3620 Lexington Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    39,813 SF
    Total Rate
    2123.36

    Unit(s) available at that property

    Space
    Available Space
    Size
    39,640 SF
    Rate per SF
    $0.64

    HighLights

    • 0.91‑acre outparcel on US Highway 60 available for sale or ground lease.
    • Excellent US 60 location, neighboring Clark's Pump N Shop and Dairy Queen, and within 0.4 miles of the Blue Grass Parkway.
    • High‑traffic intersection with Speedway and Shell gas stations directly across the street.
    • High traffic counts: 39,277 vehicles per day (2021).
    • B‑5 Highway Interchange Service zoning.
    • $275,000 sale price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Law Firm Spa & Massage Wholesale Shop Auto Repair Shop Gym & Fitness Auto Parts Store Hotel & Motel Department Store Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Versailles
    County
    Woodford
    State
    Kentucky
    Longitude
    -84.6648213
    Latitude
    38.0450356

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic retail land, excellent visibility.
    Where is this individual retail property located?
    The property is located at 3620 Lexington Rd Versailles, KY.
    What is the lease rate?
    The lease rate is $0.64 SF/Yr.
    What are key features of this property?
    This property features: 0.91-acre outparcel on US Highway 60 available for sale or ground lease.; Excellent US 60 location, neighboring Clark's Pump N Shop and Dairy Queen, and within 0.4 miles of the Blue Grass Parkway.; High-traffic intersection with Speedway and Shell gas stations directly across the street.
    Request Owner's contact information
    3620 Lexington Rd Versailles, KY 40383
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    Versailles, KY 40383
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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
    3620 Lexington Rd Versailles, KY 40383
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