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Property profile & analytics
OFF-MARKET
Commercial real estate

1424 Grissom Ln Lexington, KY 40516

9 ac lot
Property ID
US34-1794478
Property summary
AI-generated overview

This exceptional 9-acre property in Lexington, Kentucky, presents a unique opportunity for commercial or agricultural use. Located on a peaceful street just ten minutes from New Circle Road and the Interstate, and a short drive to the Kentucky Horse Park, this property boasts a recently renovated, move-in ready two-story home. The home features attractive bamboo flooring, updated tile showers, and an open-concept first floor, creating a comfortable and modern living space. An unfinished walk-out basement offers significant potential for expansion, providing additional living area or versatile storage. The property also includes approximately 7 acres of fenced paddock space, perfect for horses or livestock, and a convenient two-bay run-in shed. The home itself offers numerous desirable features including a fireplace, laundry facilities, walk-in closets, a deck, a garage, and en-suite bathrooms. A large backyard and additional storage space complete this impressive offering. The property's stunning views of neighboring farms add to its rural charm while maintaining convenient access to Lexington's amenities. This is a rare combination of residential comfort and commercial/agricultural potential, making it an ideal investment. The asking price is $780,000. The property is located at 1424 Grissom Ln, Lexington, KY 40516.

Property profile
Verified
Property type Commercial real estate
Lot 9 ac (392,040 SF)
UPID US34-1794478
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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