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    1017 Wellington Way Lexington, KY 40513

    For Lease
    Contact for pricing

    1.7 Acres, Prime Lexington Location

    Lot size:
    74,052 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1.7-acre commercial land parcel presents a unique opportunity for retail development in Lexington, Kentucky. Situated at 1017 Wellington Way, in the highly desirable 40513 zip code, this property offers unparalleled visibility and accessibility. Zoned B-1, Neighborhood Business, the land is ideally suited for a variety of retail uses. Built in 2019, the site boasts a single-tenant capacity and benefits from its strategic location just off Harrodsburg Road, adjacent to Palomar Center. Across the street from established businesses like Panera Bread and LA Fitness, this location ensures high foot traffic and brand recognition. The property's proximity to Keeneland Racetrack and Blue Grass Airport further enhances its appeal, providing convenient access for both local and regional clientele. This 1.7-acre lot offers a blank canvas for a new retail development, promising significant return on investment in a thriving Lexington market. The property is available for ground lease or build-to-suit options, providing flexibility for potential developers. Fayette County location ensures access to robust infrastructure and community support. This is a rare opportunity to acquire a prime retail site in one of Lexington's most sought-after areas.

    Property Features for 1017 Wellington Way

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    74,052 SF

    Building Details

    Year Built
    2019

    Unit(s) available at that property

    Space
    Lot 1017
    Size
    74,052 SF

    HighLights

    • 1.7‑acre site available for ground lease or build‑to‑suit.
    • 0.7‑acre and 1‑acre parcels available.
    • Excellent for restaurant or retail development.
    • Shared access and parking with nearby retail and office buildings.
    • High‑visibility location on Wellington Way, across from Panera Bread and LA Fitness, near Harrodsburg Road's signalized intersection.
    • Prime location adjacent to Palomar Center in a high‑value zip code, near Keeneland and Blue Grass Airport.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.5692427
    Latitude
    38.0057791

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    FAQs

    What type of property is this?
    Land - 1.7 Acres, Prime Lexington Location
    Where is this land located?
    The property is located at 1017 Wellington Way Lexington, KY.
    What are key features of this property?
    This property features: 1.7-acre site available for ground lease or build-to-suit.; 0.7-acre and 1-acre parcels available.; Excellent for restaurant or retail development.
    Request Owner's contact information
    1017 Wellington Way Lexington, KY 40513
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    Lexington, KY 40513
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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
    1017 Wellington Way Lexington, KY 40513
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