151 Zandale Dr Lexington, KY 40503
- Retail space
- 12,000 SF
- 1.29 lot acres
Current Use by Public Records
- Ramsey's Diner - Zandale / Restaurant
- F45 Training South Lexington / Gym & Fitness Center
Property Details for 151 Zandale Dr
- Year built
- 2014
- Lot size
- 1.29 lot acres
- Property size
- 12,000 SF
- Zone code
- B-1
- Property type
- Retail space
- APN
- 11075125
- APU
- 11075125
Description
West Zandale Plaza, located at 151 W Zandale Dr, Lexington, KY 40503, offers exceptional office space in a vibrant South Lexington location. This Class A, single-story building, constructed in 2014, totals 12,000 square feet and sits on a 1.29-acre lot. The property features a mix of executive, medical, and creative office spaces, with multiple suites available. Units range from a minimum of 1,500 square feet to a maximum contiguous space of 2,380 square feet, making it suitable for a variety of businesses. The building boasts 65 parking spaces (a ratio of 1 space per 185 square feet), providing ample parking for tenants and their clients, with overflow parking also available. Currently, 3,880 square feet of space is vacant. The property is zoned B-1, Neighborhood Business, and enjoys high visibility and accessibility with direct access to a signalized intersection off Nicholasville Road, experiencing approximately 32,638 average daily traffic counts. Its convenient location near hospitals, universities, and downtown Lexington makes it an attractive option for businesses seeking a central location. The building is served by electric power and does not include elevators. The property's Building Floor Area Ratio (FAR) is 21.2. This exceptional property presents a unique opportunity for businesses seeking high-quality office space in a thriving area of Lexington.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,777,000
- AI Estimate
- $2,768,000
Market price range: $1.30M - $3.58MMarket price range: $1.30M - $3.56M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,330,000 Current use
- AUTO REPAIR, GARAGE
- $4,385,000 Change: +88% Conversion: Difficult
- RESTAURANT
- $3,915,000 Change: +68% Conversion: Easy
- COMMERCIAL (GENERAL)
- $2,665,000 Change: +14% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $2,650,000 Change: +14% Conversion: Difficult
- MEDICAL BUILDING
- $2,470,000 Change: +6% Conversion: Difficult
- WAREHOUSE, STORAGE
- $2,095,000 Change: -10% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Fayette
- State
- Kentucky
- Longitude
- -84.5188
- Latitude
- 38.0093
- CBSA code
- 30460
- CBSA name
- LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
