1700 BroadwayLexington, KY 40505

Property Details for 1700 Broadway

Year built

1956

Lot size

3.27 AC

Property size (Sq ft)

3,281 SF

Zone code

B-3

Property type

Retail properties

Property subtype

Retail space

APN

13972100

APU

13972100

Description

This exceptional 14.69-acre commercial land parcel presents a unique investment opportunity in Lexington, Kentucky. Located at 1700 N Broadway, in Fayette County, this property boasts a single-tenant occupancy. The land is currently under a sublease agreement expiring in January 2026. The total building square footage is listed as 1 square foot, suggesting the primary value lies in the expansive land itself, ideal for redevelopment or continued use as a commercial site. The property's address is 1700 N Broadway, Lexington, KY 40505. Its convenient location within Fayette County offers excellent access to major transportation routes and a thriving business community. Given the size and location, this property is well-suited for a variety of commercial ventures. The significant acreage provides ample space for expansion or the development of multiple buildings. This is a rare opportunity to acquire a substantial commercial land parcel in a desirable Lexington location. The sublease provides immediate income potential, while the long-term prospects for development offer significant upside. Serious inquiries are encouraged. Further details are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $736,423

  6.5%

  $679,775

  7%

  $631,219

• Comparable approach

  Method

  Valuation

  Relative Method

  $681,418

  Geo Method

  $1,026,818

• Alternative Use

  Use

  Valuation

  Residential

  $573,416

  Hospitality

  $525,246

  Educational

  $436,998

  Medical

  $452,027

  Retail

  $679,775

Location Insight

City

Lexington

County

Fayette

State

Kentucky

Latitude

38.0684

Longitude

-84.4698

CBSA code

30460

CBSA name

LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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