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    951 Enterprise Ct Lexington, KY 40510

    Sponsored
    For Sale
    $1,200,000

    Prime I-1 zoned land, build-to-suit option.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4-acre parcel of I-1 zoned land presents a rare opportunity in Lexington, Kentucky's competitive industrial real estate market. Located within the Alexandria Business Park, this property boasts convenient access to major transportation arteries, including Interstates 75 and 64, situated just off New Circle Road and Old Frankfort Pike. Its strategic location within 5.5 miles of the I-75/I-64 interchange provides unparalleled access to a significant portion of the US population, making it ideal for distribution or light manufacturing. Previous development plans indicate the potential to construct approximately 46,000 square feet of warehouse space, incorporating four loading docks. The property is divisible, with options for purchasing smaller acreage starting at one acre. The seller is also open to build-to-suit opportunities, offering flexibility to tailor the development to specific business needs. The property's location within the established Alexandria Business Park ensures a thriving business environment, surrounded by successful enterprises. The asking price for this exceptional property is $1,200,000. The parcel's APN is 38283270, and the address is 951 Enterprise Ct, Lexington, KY 40510. This is a unique chance to acquire a highly desirable industrial site in a rapidly growing area.

    Property Features for 951 Enterprise Ct

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    HighLights

    • Rare 4‑acre I‑1 zoned land parcel in a high‑demand market.
    • Prime location within Alexandria Business Park.
    • Development potential: approximately 46,000 square feet of warehouse space.
    • Excellent access to New Circle Road and I‑75/64 (within 5.5 miles).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.554921
    Latitude
    38.059792

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    FAQs

    What type of property is this?
    Land - Prime I-1 zoned land, build-to-suit option.
    Where is this land located?
    The property is located at 951 Enterprise Ct Lexington, KY.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Rare 4-acre I-1 zoned land parcel in a high-demand market.; Prime location within Alexandria Business Park.; Development potential: approximately 46,000 square feet of warehouse space.
    Request Owner's contact information
    951 Enterprise Ct Lexington, KY 40510
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    Lexington, KY 40510
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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
    951 Enterprise Ct Lexington, KY 40510
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