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    1017 Wellington Way Lexington, KY 40513-1167

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    1017 Wellington Way Lexington, KY 40513-1167


    • Commercial land
    • 0.75 lot acres
    Off-Market
    Last Sale Jul 17, 2024
    $2,150,000
    Property ID
    US34-0546929
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $2,150,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 1017 Wellington Way

    Lot size
    0.75 lot acres
    Zone code
    B-1
    Property type
    Commercial land
    APN
    10045740
    APU
    10045740

    Description

    This exceptional 1.7-acre commercial land parcel presents a unique opportunity for retail development in Lexington, Kentucky. Situated at 1017 Wellington Way, in the highly desirable 40513 zip code, this property offers unparalleled visibility and accessibility. Zoned B-1, Neighborhood Business, the land is ideally suited for a variety of retail uses. Built in 2019, the site boasts a single-tenant capacity and benefits from its strategic location just off Harrodsburg Road, adjacent to Palomar Center. Across the street from established businesses like Panera Bread and LA Fitness, this location ensures high foot traffic and brand recognition. The property's proximity to Keeneland Racetrack and Blue Grass Airport further enhances its appeal, providing convenient access for both local and regional clientele. This 1.7-acre lot offers a blank canvas for a new retail development, promising significant return on investment in a thriving Lexington market. The property is available for ground lease or build-to-suit options, providing flexibility for potential developers. Fayette County location ensures access to robust infrastructure and community support. This is a rare opportunity to acquire a prime retail site in one of Lexington's most sought-after areas.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $2,150,000
      ML approach
      $2,150,000

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.5693
    Latitude
    38.0056
    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
    $8,162
    $0.00
    $0.00
    $660,000
    -
    $0.00
    $0.00
    $660,000
    More about this property
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