1300 New Circle RdLexington, KY 40505

Property Details for 1300 New Circle Rd

Year built

1984

Lot size

2.52 AC

Property size (Sq ft)

34,344 SF

Zone code

B-3

Property type

Office properties

Property subtype

Office buildings

APN

10019590

APU

10019590

Description

Lexington Business Center offers a prime 15,263 square foot flex/warehouse space for lease within a larger, multi-use development. This exceptional property, located at 1300 E New Circle Rd, Lexington, KY 40505, sits on a substantial 19.71-acre lot at the highly visible intersection of New Circle Road and Liberty Road. The building itself boasts a total of 309,135 square feet, encompassing office, retail, and industrial spaces. This particular unit is part of a larger, single-suite complex, providing ample space for a variety of business needs. The property's strategic location provides easy access to major thoroughfares, including Man O' War Boulevard and Interstates 75/64, ensuring convenient commutes for employees and clients. The zoning designation is a blend of I-1 (Light Industrial) and B-3 (Highway Business), offering flexibility for a range of commercial uses. This is a rare opportunity to secure a significant space in a well-established, multi-use development with excellent visibility and accessibility in a thriving Lexington location. The property is zoned for light industrial and highway business uses, offering versatility for various business types. The address is 1300 E New Circle Rd, Lexington, KY 40505.

• CAP approach

  CAP return

  Valuation

  6%

  $5,243,901

  6.5%

  $4,840,524

  7%

  $4,494,772

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,830,466

  Geo Method

  $3,742,215

• Alternative Use

  Use

  Valuation

  Residential

  $6,002,250

  Hospitality

  $5,498,028

  Educational

  $4,574,295

  Medical

  $4,731,612

  Retail

  $7,115,570

Location Insight

City

Lexington

County

Fayette

State

Kentucky

Latitude

38.0287

Longitude

-84.4535

CBSA code

30460

CBSA name

LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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