This exceptional 0.5-acre commercial development lot presents a prime opportunity in Lexington, Kentucky. Located at 3326 Clays Mill Road, the property boasts 150 feet of frontage on a high-traffic thoroughfare. The site's strategic corner location at the intersection of Clays Mill Road and Delzan Place ensures excellent visibility and accessibility. Zoned P-1 for Professional Office use, this versatile parcel offers developers a blank canvas for a variety of commercial projects. The property's convenient southwest Lexington location places it on the primary commuting route, benefiting from an estimated 15,404 vehicles daily (2017 data) on Clays Mill Road near the site. Utilities are provided by KU. The lot size is 0.5 acres (APN 27281154, Fayette County). Parking options are considered "various" and will depend on the future development. This single-tenant site is ideal for businesses seeking high visibility and convenient access in a thriving Lexington market. The property is ready for immediate development, offering a unique chance to capitalize on a desirable location and strong traffic counts. This is a rare opportunity to acquire a well-positioned commercial lot in a rapidly growing area.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$2,871,355
Hospitality
$2,630,146
Educational
$2,188,250
Medical
$2,263,508
Retail
$3,403,945
Location Insight
City
Lexington
County
Fayette
State
Kentucky
Latitude
37.9971
Longitude
-84.5479
CBSA code
30460
CBSA name
LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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