3012 Lexington Rd Nicholasville, KY 40356
- Industrial properties
- 1,460 SF
- 7.00 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 3012 Lexington Rd
- Lot size
- 7.00 lot acres
- Property size
- 1,460 SF
- Property type
- Industrial properties
- Property subtype
- Industrial live-work properties
- APN
- 068-00-00-015.00
- APU
- 68000001500
Description
This exceptional 5.4-acre commercial land parcel presents a remarkable investment opportunity in the rapidly growing Nicholasville, KY market. Strategically located at the signalized intersection of Lexington Road and Vince Road, this property boasts unparalleled visibility and accessibility. Its proximity to a soon-to-open Wawa (scheduled for 2025) further enhances its desirability, guaranteeing high traffic flow and significant consumer presence. The property's location within a thriving commercial area, surrounded by diverse dining and shopping establishments, ensures a robust customer base for any business development. The expansive 5.4 acres offer ample space for a variety of commercial ventures, from retail establishments and restaurants to office buildings and other commercial uses. This prime location offers exceptional potential for significant return on investment, making it an ideal opportunity for discerning investors seeking a high-impact commercial property in a dynamic and rapidly expanding market. The property's convenient access from two major roadways ensures easy access for customers and employees alike. This is a rare opportunity to acquire a highly visible and strategically located commercial parcel in a prime Nicholasville location. Don't miss out on this exceptional investment opportunity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,920,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,290,000
- 6.5%
- $3,865,000
- 7%
- $3,885,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,675,000
- Geo Method
- $3,385,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,860,000
- Retail
- $4,285,000
- Mixed-Use
- $3,220,000
- Hospitality
- $3,495,000
- Educational
- $3,640,000
- Residential Income
- $3,445,000
- Energy
- $4,060,000
- Income-Based Land
- $3,310,000
- Food Service
- $4,320,000
Location Insight
- Map
- Local Demand
- City
- Nicholasville
- County
- Jessamine
- State
- Kentucky
- Longitude
- -84.548
- Latitude
- 37.9297
- CBSA code
- 30460
- CBSA name
- LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
