2320 Elkhorn RdLexington, KY 40509

Property Details for 2320 Elkhorn Rd

Year built

2008

Lot size

1.00 AC

Property size (Sq ft)

4,600 SF

Zone code

B-6P

Property type

Strip malls

Property subtype

Neighborhood centers

APN

38169950

APU

38169950

Description

This exceptional retail endcap space, totaling 2,303 square feet, is situated within a larger 4,600 square foot building at 2320 Elkhorn Rd, Lexington, KY 40509. The property is a Class C, single-story freestanding building with excellent visibility and access. Located near the intersection of Elkhorn Road and Winchester Road, this endcap enjoys high traffic counts, with 37,200 vehicles per day on Winchester Road and 76,583 vehicles per day on nearby I-75. The property's strategic location within the Hamburg area places it in close proximity to major retailers such as Walmart and Lowe's, ensuring significant foot traffic and brand visibility. The building features two suites in total, offering a flexible layout suitable for a variety of retail uses. Zoned for commercial use in Fayette County, this property presents a compelling opportunity for businesses seeking a high-visibility location in a thriving retail corridor. The property is easily accessible from I-75 and Man O' War Boulevard, further enhancing its appeal to both customers and employees. The overall Hamburg development boasts over 3 million square feet of retail space, 160 acres of professional offices, and 1,200 acres of residential development, creating a robust and diverse surrounding community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,032,473

  6.5%

  $953,052

  7%

  $884,977

• Comparable approach

  Method

  Valuation

  Relative Method

  $955,356

  Geo Method

  $1,439,610

• Alternative Use

  Use

  Valuation

  Residential

  $803,935

  Hospitality

  $736,400

  Educational

  $612,676

  Medical

  $633,747

  Retail

  $953,052

Location Insight

City

Lexington

County

Fayette

State

Kentucky

Latitude

38.0408

Longitude

-84.424

CBSA code

30460

CBSA name

LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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