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    2395 Nicholasville Rd Lexington, KY 40503

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    2395 Nicholasville Rd Lexington, KY 40503


    • Retail space
    • 8,400 SF
    • 0.36 lot acres
    Redevelopment Opportunity on Nicholasville Road For Sale
    $1,800,000

    Redevelopment Opportunity on Nicholasville Road

    1.61-acre assemblage for retail, medical, or multifamily development.

    2395 Nicholasville Road, Lexington, KY 40503
    View Listing
    Property ID
    US34-0592276
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Southern Sleep and Home / Furniture & Home Goods
    • U-Haul Neighborhood Dealer / Car Rental Facility

    Property Details for 2395 Nicholasville Rd

    Year built
    1959
    Lot size
    0.36 lot acres
    Property size
    8,400 SF
    Zone code
    B-1
    Property type
    Retail space
    APN
    13304200
    APU
    13304200

    Description

    This exceptional retail opportunity presents a freestanding, two-story building totaling 8,400 square feet, ideally situated on Nicholasville Road. The property boasts a highly visible street frontage, ensuring maximum exposure for your business. The building's layout offers versatility, with the entire 8,400 square feet currently available for lease. The convenient single-tenant occupancy eliminates the complexities of multi-tenant management. Ample parking is a key feature, with six spaces conveniently located in front of the building and a substantial rear lot providing additional parking for customers and deliveries. The 0.36-acre lot provides ample space for outdoor activities or expansion. The property is zoned B-1, offering flexibility for a variety of retail uses. The building's address is 2395 Nicholasville Road, located in Fayette County, and identified by APN 13304200. This is a rare chance to secure a prominent retail space in a high-traffic area. The property's size and location make it an attractive option for businesses seeking a strong presence in a thriving market. Don't miss this opportunity to establish your business in this desirable location.


    Value Estimations

    based on Realmo’s proprietary methodology
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,453,000
      Market price range: $908k - $2.50M
      AI Estimate
      $1,449,000
      Market price range: $908k - $2.49M
    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,630,000
      Current use
      COMMERCIAL (GENERAL)
      $1,865,000
      Change: +14% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $1,855,000
      Change: +14% Conversion: Difficult
      MEDICAL BUILDING
      $1,730,000
      Change: +6% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,465,000
      Change: -10% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.5197
    Latitude
    38.0042
    CBSA code
    30460
    CBSA name
    LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $11,946
    $0.00
    $0.00
    $966,000
    -
    $0.00
    $0.00
    $966,000
    View Listing
    More about this property
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