451 Chilesburg Rd Lexington, KY 40509
- Commercial real estate
- 12.54 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 451 Chilesburg Rd
- Lot size
- 12.54 lot acres
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Fayette
- State
- Kentucky
- Longitude
- -84.4143239
- Latitude
- 37.989105
