For Sale
$795,000

1950 Nicholasville RdLexington, KY 40503

Prime Location, High-Potential Redevelopment

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 4,000 square foot property, located at 1950 Nicholasville Rd in Lexington, Kentucky, presents a unique investment opportunity. Currently zoned P-1, the site offers flexibility for redevelopment, with concept plans available for review. The existing structure comprises 2,500 square feet on the main level and an additional 1,575 square feet of basement space, ideal for various uses. The asking price is $795,000, translating to $198.75 per square foot. The property is situated in Fayette County, Kentucky, zip code 40503, and benefits from a high-traffic location. While currently configured as a bank and storefront, the property would require rezoning to accommodate retail use. A ground lease is also available. This versatile property offers significant potential for investors seeking a prime location with redevelopment possibilities in a thriving Kentucky market. The property's size and existing infrastructure provide a solid foundation for a variety of commercial ventures. Serious inquiries are encouraged to explore the full potential of this unique investment opportunity.

Highlights

  • $795,000 asking price for a 4,000 sq ft retail/office property.
  • Located at 1950 Nicholasville Rd, Lexington, KY 40503.
  • Property includes a 2,500 sq ft main building and a 1,575 sq ft basement.
  • Zoned P-1; redevelopment potential; rezoning required for retail use.
  • Price per square foot: $198.75.

Property Details for 1950 Nicholasville Rd

Property type
Retail properties, Office properties
Square Feet
4,000 SF

Location Insight

City
Lexington
County
Fayette
State
Kentucky
Latitude
38.0120384
Longitude
-84.5158065
1950 Nicholasville Rd, Lexington, Kentucky

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1950 Nicholasville Rd
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