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    1170 Newtown Pike Lexington, KY 40511

    Sponsored
    For Sale
    $1,650,000

    2 Acres, High-Traffic Location, $1.65M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2-acre commercial land parcel is situated at 1170 Newtown Pike in Lexington, Kentucky, a high-traffic corridor near downtown and I-75/I-64. Zoned A-U, this property offers significant development potential for office, retail, or mixed-use projects. The asking price is $1,650,000, representing $825,000 per acre. Its prime location boasts daily traffic exceeding 30,000 vehicles, ensuring high visibility and accessibility. Proximity to major employers, hotels, restaurants, and the University of Kentucky further enhances its appeal. Lexington's robust economy, low unemployment, and steady population growth make this a sound investment with potential for future appreciation. The flexible zoning allows for diverse commercial uses, creating a versatile opportunity within an established business environment. This property presents a rare chance to capitalize on Lexington's thriving commercial market in a highly desirable location. The Fayette County address (zip code 40511) offers easy access to major metropolitan areas, including Cincinnati, Louisville, Knoxville, and Nashville.

    Property Features for 1170 Newtown Pike

    General Information

    Property type
    Farms
    Lot Size
    87,120 SF

    HighLights

    • High‑traffic Newtown Pike location offers easy access to downtown Lexington and major interstates I‑75/I‑64.
    • High visibility with over 30,000 vehicles daily.
    • Near hotels, restaurants, UK, and major employers, ensuring a strong customer base.
    • Lexington's robust economy and low unemployment create a sound investment.
    • Flexible zoning allows for diverse commercial uses, including office, retail, or mixed‑use.
    • Surrounded by established businesses in a thriving commercial area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.49063751
    Latitude
    38.07868379

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    FAQs

    What type of property is this?
    Farm - 2 Acres, High-Traffic Location, $1.65M
    Where is this farm located?
    The property is located at 1170 Newtown Pike Lexington, KY.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: High-traffic Newtown Pike location offers easy access to downtown Lexington and major interstates I-75/I-64.; High visibility with over 30,000 vehicles daily.; Near hotels, restaurants, UK, and major employers, ensuring a strong customer base.
    Request Owner's contact information
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    Lexington, KY 40511
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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
    1170 Newtown Pike Lexington, KY 40511
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