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Property summary
Commercial property located on a corner lot with a four-way stop intersection and nearby bus stop, providing frontage on a street with on-street parking. The building contains 1,078 square feet and was comprehensively remodeled in 2024, including a replaced roof, HVAC system, framing with metal studs, plumbing, electrical system, drywall, interior and exterior paint, an acoustical ceiling system, interior and exterior lighting, a storefront system, interior and exterior doors, and updated windows. The site includes an ADA-compliant restroom and a 200-amp electrical service. Interior space is arranged to support flexible commercial use, including retail, office/professional services, service uses, or food-related operations. The property is rezoned to B-1 (Neighborhood Business). Updated exterior lighting is installed. An adjacent lot is available for potential separate acquisition, which could support outdoor uses such as a patio seating area, additional food-prep/cooking space, or storage. The street-facing building also allows for potential expansion of approximately 10 feet along the left side, subject to applicable approvals.
Property profile
VerifiedCap rate & NOI
Current use
-
Discount Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
, B-2, B-2A, B-2B, B-3, B-4, B-5P, B-6P or CC zone. Zone, industrial, means an I-1, I-2 or ED zone. Zone, mixed use, means an MU-1, MU-2 or MU-3 zone. Zone, residential, means an R-1A, R-1B, R-1C, R-1D, R-1E, R-1T, R-2,…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
R-3 · Lexington, KY, B-2, B-2A, B-2B, B-3, B-4, B-5P, B-6P or CC zone. Zone, industrial, means an I-1, I-2 or ED zone. Zone, mixed use, means an MU-1, MU-2 or MU-3 zone. Zone, residential, means an R-1A, R-1B, R-1C, R-1D, R-1E, R-1T, R-2,…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
, B-2, B-2A, B-2B, B-3, B-4, B-5P, B-6P or CC zone. Zone, industrial, means an I-1, I-2 or ED zone. Zone, mixed use, means an MU-1, MU-2 or MU-3 zone. Zone, residential, means an R-1A, R-1B, R-1C, R-1D, R-1E, R-1T, R-2,…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R-3 in Lexington, KY.
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