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    1739 Eastland Ct Lexington, KY 40505

    Sponsored
    For Sale
    $1,326,000

    High-visibility, 1.56-acre commercial lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 1.56-acre commercial land parcel, located at 1739 Eastland Ct, Lexington, KY 40505 (APN 38286420), presents a unique development opportunity. Situated at the high-traffic intersection of E New Circle Road and Winchester Road, this B-3 zoned property boasts exceptional visibility and convenient access to downtown Lexington, Hamburg, and I-75. Daily traffic counts are substantial, with E New Circle Road registering 43,969 vehicles and Winchester Road recording 31,744. The property's strategic location is further enhanced by its proximity to established businesses, including an Infiniti Dealership and Bypass Rentals. This versatile lot is suitable for a wide range of commercial uses, including retail, restaurants, hotels, car washes, and gas stations. For developers seeking a larger footprint, this property can be combined with adjacent parcels at 1709 Eastland Ct (0.67 acres) and 1717 Eastland Ct (0.56 acres), creating a combined 2.79-acre site. This prime location and flexible zoning make this an exceptional investment opportunity. The asking price is $1,326,000.

    Property Features for 1739 Eastland Ct

    General Information

    Property type
    Land
    Lot Size
    67,954 SF

    HighLights

    • $1,326,000 asking price.
    • 1.56‑acre commercial land parcel.
    • B‑3 Highway Service Business zoning.
    • Located at the corner of E New Circle Road and Winchester Road in Lexington, KY, offering high visibility and easy access to downtown, Hamburg, and I‑75.
    • Adjacent to Infiniti Dealership and Bypass Rentals, suitable for various uses including retail, restaurants, hotels, car washes, and gas stations.
    • High traffic counts: E New Circle Rd - 43,969 vehicles; Winchester Rd - 31,744 vehicles.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.452978423339
    Latitude
    38.044915531768

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    FAQs

    What type of property is this?
    Land - High-visibility, 1.56-acre commercial lot.
    Where is this land located?
    The property is located at 1739 Eastland Ct Lexington, KY.
    What is the asking price?
    The asking price for this property is $1,326,000.
    What are key features of this property?
    This property features: $1,326,000 asking price.; 1.56-acre commercial land parcel.; B-3 Highway Service Business zoning.
    Request Owner's contact information
    1739 Eastland Ct Lexington, KY 40505
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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
    1739 Eastland Ct Lexington, KY 40505
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