1617 Clays Ml Rd Lexington, KY 40503-1202
This freestanding retail building, totaling 2,321 square feet, sits on a 0.61-acre lot at 1617 Clays Mill Rd, Lexington, KY 40503. The property is zoned B-1, Neighborhood Business, and offers ample on-site parking. Its strategic location at the intersection of Harrodsburg Road and Clays Mill Road provides exceptional visibility and accessibility. The building is currently vacant and presents a unique opportunity for a single tenant. Benefit from high daily traffic counts, exceeding 41,613 vehicles per day, with approximately 32,000 on Harrodsburg Road and 9,603 on Clays Mill Road. This location enjoys proximity to the University of Kentucky (less than half a mile), boasting over 30,000 students and 12,000 employees, as well as being within two miles of downtown Lexington, offering easy access to a large population base. The area also benefits from its proximity to schools and hospitals, further enhancing its appeal and potential customer base. This single-story building presents a versatile space ideal for a variety of retail uses. The property's size and location make it an attractive investment opportunity with significant potential for growth and return.
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ATM Atm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
P-1 · Lexington, KYLexington. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.