381 Legion Dr Lexington, KY 40504
- Commercial land
- 0.32 lot acres
Current Use by Public Records
- Commercial land
Property Details for 381 Legion Dr
- Lot size
- 0.32 lot acres
- Zone code
- B-1
- Property type
- Commercial land
- APN
- 13429000
- APU
- 13429000
Description
This exceptional 0.32-acre commercial land parcel, located at 381 Legion Drive in Lexington, Kentucky, presents a compelling investment opportunity. Situated in Fayette County, zip code 40504, this property (APN 13429000) is zoned B-1, allowing for a variety of development possibilities. Its strategic location adjacent to 1218 S. Broadway offers significant advantages. The property benefits from its proximity to a thriving commercial corridor, featuring numerous restaurants, hotels, and hospitals, including the recently constructed Lexington Clinic. This high-traffic area ensures excellent visibility and accessibility. Furthermore, its location on the inbound side of S. Broadway, across from the Lexington Clinic, guarantees substantial foot and vehicle traffic. The property's convenient location just outside of downtown Lexington and approximately one mile from the University of Kentucky adds to its appeal. The potential for development is further enhanced by the option to acquire eight adjacent office condo suites at 1218 S. Broadway, providing a unique opportunity to create a cohesive and synergistic commercial development. This offering represents a rare chance to secure a well-positioned commercial lot in a rapidly growing area of Lexington. The asking price for this exceptional property is $385,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Fayette
- State
- Kentucky
- Longitude
- -84.5202
- Latitude
- 38.0347
- CBSA code
- 30460
- CBSA name
- LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
