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    1051 Newtown Pike Lexington, KY 40511

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    For Lease
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    86,700 SF Multi-Use Business Center

    Lot size:
    86,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Newtown Business Center, located at 1051 Newtown Pike in Lexington, Kentucky, presents a unique investment opportunity. This four-building complex, totaling 86,700 square feet, sits on a 9.88-acre lot and offers a diverse range of spaces suitable for retail, office, industrial, and flex uses. Currently, 2,748 square feet of space is available for lease. The property boasts ample parking and is conveniently situated at the intersection of Newtown Pike and New Circle Road, providing easy access to downtown Lexington, Interstates 75/64, and Blue Grass Airport. Built in 1982, the buildings are zoned B-1 (Neighborhood Business) and I-1 (Light Industrial), offering flexibility for a variety of businesses. The property's multiple tenancy allows for diverse occupancy and potential for strong rental income. This prime location in Fayette County, Kentucky, zip code 40511, offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a versatile and strategically located space. The property's size and zoning provide significant potential for future development or expansion. This is a rare opportunity to acquire a well-established multi-use property in a thriving Kentucky market.

    Property Features for 1051 Newtown Pike

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    86,700 SF

    Building Details

    Year Built
    1982
    Buildings
    4

    Unit(s) available at that property

    Space
    Bldg 1051, Suite 136
    Size
    2,748 SF

    HighLights

    • 86,700 SF four‑building mixed‑use complex on 9.88 acres.
    • 2,748 SF currently available for lease.
    • Ample parking.
    • Excellent location at Newtown Pike & New Circle Road, providing easy access to downtown Lexington, I‑75/64, and Blue Grass Airport.
    • High traffic count of approximately 39,271 vehicles per day.
    • B‑1 (Neighborhood Business) & I‑1 (Light Industrial) zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Remedy Intelligent Staffing Employment Agency Tricare Pharmacy Pharmacy Eric T Morse, ... Occupational Medical Physician John R. Johnson, ... Occupational Medical Physician Baptist Health Physical ... Physical Therapist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -84.4950969
    Latitude
    38.0769156

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    FAQs

    What type of property is this?
    Distribution property - 86,700 SF Multi-Use Business Center
    Where is this distribution property located?
    The property is located at 1051 Newtown Pike Lexington, KY.
    What are key features of this property?
    This property features: 86,700 SF four-building mixed-use complex on 9.88 acres.; 2,748 SF currently available for lease.; Ample parking.
    Request Owner's contact information
    1051 Newtown Pike 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
    1051 Newtown Pike Lexington, KY 40511
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