145 Codella DrWinchester, KY 40391

Property Details for 145 Codella Dr

Lot size

2.19 AC

Property type

Commercial real estate

APN

043-0000-019-02

APU

43000001902

Description

This exceptional 2.19-acre commercial land parcel presents a remarkable investment opportunity in Winchester, Kentucky. Located on Codella Drive, this property boasts a prime location just off the Winchester Bypass, surrounded by significant recent development, including a new CHI Saint Joseph Health Center, Zips Car Wash, and Domino's Pizza. The site's strategic position directly across the Bypass from Walmart and Kroger ensures high visibility and accessibility. The property is zoned for commercial use and benefits from readily available municipal water, sewer, gas, and electric utilities. A conceptual development plan illustrates the feasibility of a standard-sized quick-service restaurant with a drive-thru, highlighting the site's potential for immediate development. Situated in Clark County, within the Lexington-Fayette Metropolitan Statistical Area, this location benefits from a strong regional economy supported by major employers such as Amazon, Ale-8-One, and Alltech. The asking price is $400,000, translating to approximately $182,648 per acre. This property offers significant potential for a variety of commercial ventures and represents a compelling investment in a thriving Kentucky market. The property could also be considered in conjunction with a neighboring parcel at 205 Codella Drive (details available upon request). This is a rare opportunity to acquire a well-situated commercial lot in a rapidly growing area.

• Alternative Use

  Use

  Valuation

  Residential

  $18,734,150

  Hospitality

  $17,160,380

  Educational

  $14,277,235

  Medical

  $14,768,251

  Retail

  $22,209,032

Location Insight

City

Winchester

County

Clark

State

Kentucky

Latitude

37.9904

Longitude

-84.2087

CBSA code

30460

CBSA name

LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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