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Property profile & analytics
OFF-MARKET
Commercial real estate

451 Chilesburg Rd Lexington, KY 40509

12.54 ac lot
Property ID
US34-0495458
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Lot 12.54 ac (546,242 SF)
UPID US34-0495458
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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