Entity Owned Property summary
This exceptional Lexington, KY property at 1950 Nicholasville Road offers a unique opportunity for investors and businesses alike. Currently zoned P-1, the site encompasses a 4,126 square foot building suitable for various uses, including traditional, creative, or medical office space. The existing structure features 2,500 square feet on the main level and an additional 1,575 square feet of basement space. The property is available for sale at $895,000. Alternatively, a ground lease is available, presenting an exciting prospect for build-to-suit development. Concept plans are available for review, showcasing the redevelopment potential of this strategically located site. The single-tenancy building presents a streamlined ownership experience, ideal for owner-occupiers or investors seeking a stable, high-value asset in a thriving Kentucky market. The property's address is 1950 Nicholasville Rd, Lexington, KY 40503. This versatile property is perfectly positioned to capitalize on Lexington's robust commercial real estate market. Don't miss this chance to acquire a prime piece of Lexington real estate.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
P-1 · Lexington, KY2. 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for P-1 in Lexington, KY.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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