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Property profile

2310 Lexington Rd Nicholasville, KY 40356

FOR SALE
Land
Property ID
US34-0253969
52.25 ac lot
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Property summary

AI-generated overview

This exceptional 52.25-acre commercial development land presents a unique investment opportunity in Nicholasville, Kentucky. Strategically located on Lexington Road (US 27), a primary thoroughfare connecting Lexington and Nicholasville, this property boasts a high average daily traffic count of approximately 35,153 vehicles. Its prime location offers maximum visibility and accessibility, placing it directly across from Connemara Golf Course and near Toyota and other auto dealerships. The property is situated in a rapidly growing area with significant recent and planned commercial and residential development along the US 27 corridor. Proximity to major retailers like Walmart and Brannon Crossing further enhances its appeal. The land is zoned for diverse uses, offering flexibility for various development projects. Approximately 49.4 acres are zoned B-2, Highway Commercial, while approximately 2.85 acres are zoned P-1, Professional Office. This allows for a wide range of possibilities, including retail, single-family and multifamily residential, and office development. The asking price is $3,249,000. This represents a compelling opportunity to capitalize on the robust growth and high demand in this thriving Kentucky market. Don't miss this chance to acquire a substantial parcel of land with exceptional potential for significant return on investment.

Property profile

Verified
Property type Land
Lot 52.25 ac (2,276,010 SF)
UPID US34-0253969

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
  • Food Processing Plant

Location

2310 Lexington Rd Nicholasville, KY 40356
Nicholasville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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