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    1068 Aspiration Dr Lexington, KY 40511

    Sponsored
    For Sale
    $4,325,000

    Prime KY location, I-75/64 access, development ready.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 21.68-acre commercial and industrial land parcel, located at 1068 Aspiration Dr, Lexington, KY 40511, presents a unique investment opportunity. Situated in Fayette County's Russell Cave neighborhood (PVA 741), this property boasts a high-visibility location with convenient access to the crucial I-75/I-64 interchange, providing seamless connectivity to Louisville, Cincinnati, and Frankfort. The ED (Economic Development) zoning allows for a diverse range of development possibilities, including office buildings, medical and dental facilities, data processing centers, research and development labs, educational institutions (colleges, universities, schools), and regional medical campuses. The site's strategic location and flexible zoning make it ideal for a variety of uses. The property is currently listed at $4,325,000 and is divisible into multiple lots, offering flexibility for developers and investors. High traffic counts on I-75/I-64 (98,576 vehicles) underscore the significant potential for commercial success. This is a rare opportunity to acquire a substantial tract of land in a thriving Kentucky market.

    Property Features for 1068 Aspiration Dr

    General Information

    Property type
    Land
    Lot Size
    944,381 SF

    HighLights

    • $4,325,000 asking price for 21.68 acres of commercial/industrial land.
    • Located at 1068 Aspiration Dr, Lexington, KY 40511, in Fayette County.
    • ED (Economic Development) zoning.
    • High visibility, convenient I‑75/I‑64 access.
    • Divisible into multiple lots.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.473038
    Latitude
    38.094948

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    FAQs

    What type of property is this?
    Land - Prime KY location, I-75/64 access, development ready.
    Where is this land located?
    The property is located at 1068 Aspiration Dr Lexington, KY.
    What is the asking price?
    The asking price for this property is $4,325,000.
    What are key features of this property?
    This property features: $4,325,000 asking price for 21.68 acres of commercial/industrial land.; Located at 1068 Aspiration Dr, Lexington, KY 40511, in Fayette County.; ED (Economic Development) zoning.
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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
    1068 Aspiration Dr Lexington, KY 40511
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