451 Chilesburg Rd Lexington, KY 40509
This exceptional 12.54-acre property in Lexington, Kentucky, presents a compelling investment opportunity. Located at 451 Chilesburg Rd, Fayette County, zip code 40509, this land boasts multiple access points and convenient proximity to major transportation routes, including easy access to I-75. Its strategic location near Richmond Road and Jacobson Park offers quick connections to Lexington's amenities, including retail, hotels, financial institutions, and more. Currently zoned AG, Agricultural Rural, this versatile parcel allows for flexible usage options. The Lexington-Fayette Urban County Government (LFUCG) Planning Department recommends Expansion Area Residential (EAR-1) zoning, opening possibilities for diverse development. Potential uses include single-family homes, multi-family dwellings, townhouses, community residences, and religious assemblies. The asking price for this prime development land is $2,614,000. This property offers significant potential for developers seeking a well-situated parcel with diverse development possibilities in a thriving Lexington community. The latitude and longitude coordinates are 37.989105 and -84.4143239 respectively.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.