490 Southland DrLexington, KY 40503

  • Land
  • 0.31 AC
For Lease
$2.67/SF/YR View listing

Property Details for 490 Southland Dr

Lot size
0.31 AC
Zone code
B-1
Property type
Land
Property subtype
Commercial land
APN
38250680
APU
38250680

Description

This exceptional .31-acre commercial lot is available for lease on Southland Drive in Fayette County, Kentucky. Zoned B-1 Neighborhood Business, this property offers unparalleled visibility and accessibility, making it ideal for a variety of businesses. The lot's prominent location ensures high traffic exposure, perfect for signage and marketing initiatives. Its proximity to several restaurants, local businesses, and Lafayette High School guarantees a steady stream of potential customers. The location is also conveniently situated just 0.9 miles from Nicholasville Road, providing easy access to major thoroughfares. This vacant lot presents a unique opportunity for a drive-through coffee kiosk, bakery, liquor store, small retail storefront, or other similar ventures. A build-to-suit option is also available, offering flexibility to tailor the development to specific business needs. The property's APN is 22236500. This is a single-tenant property with significant potential for growth and success. Don't miss this chance to secure a prime location in a thriving area. Serious inquiries only. Contact us today to learn more about this exceptional opportunity.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,727,924
    Hospitality
    $2,498,763
    Educational
    $2,078,942
    Medical
    $2,150,440
    Retail
    $3,233,909
490 Southland Dr, Lexington, Kentucky
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Location Insight

City
Lexington
County
Fayette
State
Kentucky
Latitude
38.0201
Longitude
-84.5287
CBSA code
30460
CBSA name
LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,278
-
-
$267,000
-
-
-
$267,000

FAQs

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