381 Legion DrLexington, KY 40504

  • Land
  • 0.32 AC
For Sale
$385,000 View listing

Property Details for 381 Legion Dr

Lot size
0.32 AC
Zone code
B-1
Property type
Land
Property subtype
Commercial land
APN
13429000
APU
13429000

Description

This exceptional 0.32-acre commercial land parcel, located at 381 Legion Drive in Lexington, Kentucky, presents a compelling investment opportunity. Situated in Fayette County, zip code 40504, this property (APN 13429000) is zoned B-1, allowing for a variety of development possibilities. Its strategic location adjacent to 1218 S. Broadway offers significant advantages. The property benefits from its proximity to a thriving commercial corridor, featuring numerous restaurants, hotels, and hospitals, including the recently constructed Lexington Clinic. This high-traffic area ensures excellent visibility and accessibility. Furthermore, its location on the inbound side of S. Broadway, across from the Lexington Clinic, guarantees substantial foot and vehicle traffic. The property's convenient location just outside of downtown Lexington and approximately one mile from the University of Kentucky adds to its appeal. The potential for development is further enhanced by the option to acquire eight adjacent office condo suites at 1218 S. Broadway, providing a unique opportunity to create a cohesive and synergistic commercial development. This offering represents a rare chance to secure a well-positioned commercial lot in a rapidly growing area of Lexington. The asking price for this exceptional property is $385,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,401,844
    Hospitality
    $2,200,076
    Educational
    $1,830,437
    Medical
    $1,893,389
    Retail
    $2,847,347
381 Legion Dr, Lexington, Kentucky

Location Insight

City
Lexington
County
Fayette
State
Kentucky
Latitude
38.0347
Longitude
-84.5202
CBSA code
30460
CBSA name
LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$866
-
-
$70,000
-
-
-
$70,000

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].