381 Legion DrLexington, KY 40504

Property Details for 381 Legion Dr

Lot size

0.32 AC

Zone code

B-1

Property type

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.

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $4,422,700

  Retail / Commercial

  $2,248,210

  Mixed-Use / Specialty

  $2,224,640

  Hospitality / Lodging

  $1,611,910

  Office

  $2,195,230

  Institutional / Educational

  $2,307,180

  Residential Income

  $2,699,400

  Multifamily

  $3,323,710

  Automotive / Energy

  $1,977,580

  Parking / Income-Based Land

  $697,800

  Restaurant / Food Service

  $1,123,870

  Healthcare / Senior Housing

  $2,297,280

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

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