Technical
Financial
Distress signals
Property profile

1617 Clays Ml Rd Lexington, KY 40503

OFF-MARKET
Banks
Property ID
US34-0523826
2,332 SF 0.61 ac lot Built 1996
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1996
Total area 2,332 SF
Lot 0.61 ac (26,781 SF)
Zoning code P-1
APN 25071355
UPID US34-0523826

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm

Location

1617 Clays Ml Rd Lexington, KY 40503-1202
Lexington metro Census 2500 LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$490k

Owner & transaction history

since 2021
Last sale
$490,000
2 recorded transactions
2021
$490,000
2018
$5,800

Zoning & alternative use

P-1 · Lexington, KY
Zoning description

2. The principal permitted uses of the P-1 and B-1 zones, except as specifically prohibited hereinbelow. (c) Accessory Uses. The following shall be considered accessory uses in the MU-1 zone: 1. The accessory uses permit…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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