1170 Newtown Pike Lexington, KY 40511
- Commercial land
- 12.63 lot acres
Current Use by Public Records
- Commercial land
Property Details for 1170 Newtown Pike
- Lot size
- 12.63 lot acres
- Zone code
- A-U
- Property type
- Commercial land
- APN
- 38288980
- APU
- 38288980
Description
This exceptional 2-acre commercial land parcel is situated at 1170 Newtown Pike in Lexington, Kentucky, a high-traffic corridor near downtown and I-75/I-64. Zoned A-U, this property offers significant development potential for office, retail, or mixed-use projects. The asking price is $1,650,000, representing $825,000 per acre. Its prime location boasts daily traffic exceeding 30,000 vehicles, ensuring high visibility and accessibility. Proximity to major employers, hotels, restaurants, and the University of Kentucky further enhances its appeal. Lexington's robust economy, low unemployment, and steady population growth make this a sound investment with potential for future appreciation. The flexible zoning allows for diverse commercial uses, creating a versatile opportunity within an established business environment. This property presents a rare chance to capitalize on Lexington's thriving commercial market in a highly desirable location. The Fayette County address (zip code 40511) offers easy access to major metropolitan areas, including Cincinnati, Louisville, Knoxville, and Nashville.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Fayette
- State
- Kentucky
- Longitude
- -84.4914
- Latitude
- 38.0782
- CBSA code
- 30460
- CBSA name
- LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
