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1700 Broadway Lexington, KY 40505-1404

Retail space Google Maps
3,281 SF 3.27 ac lot Built 1956
Individually Owned Free & Clear
Estimated value (blended)
$1.74M
Range $1.57M – $1.91M (±10%)
Property ID US34-0442083

Property summary

AI-generated overview

This exceptional 14.69-acre commercial land parcel presents a unique investment opportunity in Lexington, Kentucky. Located at 1700 N Broadway, in Fayette County, this property boasts a single-tenant occupancy. The land is currently under a sublease agreement expiring in January 2026. The total building square footage is listed as 1 square foot, suggesting the primary value lies in the expansive land itself, ideal for redevelopment or continued use as a commercial site. The property's address is 1700 N Broadway, Lexington, KY 40505. Its convenient location within Fayette County offers excellent access to major transportation routes and a thriving business community. Given the size and location, this property is well-suited for a variety of commercial ventures. The significant acreage provides ample space for expansion or the development of multiple buildings. This is a rare opportunity to acquire a substantial commercial land parcel in a desirable Lexington location. The sublease provides immediate income potential, while the long-term prospects for development offer significant upside. Serious inquiries are encouraged. Further details are available upon request.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1956
Total area 3,281 SF
Lot 3.27 ac (142,441 SF)
Zoning code B-3
APN 13972100
UPID US34-0442083

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
  • Car Dealership

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$696k
Blend (final) Blend
$1.74M

Owner & transaction history

Zoning & alternative use

B-3 · Lexington, KY
Zoning description

ional parking regulations.) (d) Screening. Landscaping and screening shall be provided as required in Article 18 . (e) Lot, Yard, and Height Requirements. Lot and yard requirements shall be as for the Corridor Business (…

General category COMMERCIAL
Top alternative use upside
Commercial (general) $730,000 +57.1%
Medical building $675,000 +45.6%
Warehouse, storage $575,000 +23.6%

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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