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    Property profile & analytics
    OFF-MARKET Estimated value $1,550,000
    Commercial land

    300 Lindenhurst Dr, Lexington, KY 40509-1242

    2.53 ac lot
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US34-0602742
    Property summary
    AI-generated overview

    This exceptional 2.53-acre site in Lexington, Kentucky, presents a fully approved plan for a 56-unit multifamily development. Located in Southeast Lexington, near the intersection of Richmond Road and Man O' War Boulevard, this shovel-ready property boasts convenient access to I-75, Saint Joseph East Hospital, and Valvoline Headquarters. The R-4 zoning allows for medium-density residential construction. The site's prime location offers proximity to retail, hotels, financial institutions, and other amenities in the Richmond Road and Hamburg areas. The existing development plan streamlines the construction process, minimizing delays and maximizing efficiency. Adjacent to Steeplechase Apartments and potential future developments, this property represents a significant investment opportunity. The asking price is $1,550,000. This is a rare opportunity to acquire a fully permitted and strategically located multifamily development site in a thriving Lexington market. The property's size and zoning provide flexibility for a variety of development options. Don't miss this chance to capitalize on the strong demand for multifamily housing in this desirable area. The address is 300 Lindenhurst Dr, Lexington, KY 40509.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 2.53 ac (110,207 SF)
    Zoning code R-4
    APN 12291920
    UPID US34-0602742
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.55M
    Owner & transaction history
    Par Strategy Investments LLC · 1 yrs held
    Par Strategy Investments LLC
    since 2025
    Last sale
    $1.6M
    5 recorded transactions
    2025
    2025
    $1.6M
    2022
    $800,000
    2017
    $337,555
    2016
    $400,000
    Zoning & alternative use
    R-4 · Lexington, KY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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