1170 Newtown PikeLexington, KY 40511

Property Details for 1170 Newtown Pike

Lot size

12.63 AC

Zone code

A-U

Property type

Commercial land

APN

38288980

APU

38288980

Description

This exceptional 2-acre commercial land parcel is situated at 1170 Newtown Pike in Lexington, Kentucky, a high-traffic corridor near downtown and I-75/I-64. Zoned A-U, this property offers significant development potential for office, retail, or mixed-use projects. The asking price is $1,650,000, representing $825,000 per acre. Its prime location boasts daily traffic exceeding 30,000 vehicles, ensuring high visibility and accessibility. Proximity to major employers, hotels, restaurants, and the University of Kentucky further enhances its appeal. Lexington's robust economy, low unemployment, and steady population growth make this a sound investment with potential for future appreciation. The flexible zoning allows for diverse commercial uses, creating a versatile opportunity within an established business environment. This property presents a rare chance to capitalize on Lexington's thriving commercial market in a highly desirable location. The Fayette County address (zip code 40511) offers easy access to major metropolitan areas, including Cincinnati, Louisville, Knoxville, and Nashville.

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $177,051,000

  Retail / Commercial

  $90,000,800

  Mixed-Use / Specialty

  $89,057,500

  Hospitality / Lodging

  $64,528,300

  Office

  $87,880,100

  Institutional / Educational

  $92,361,400

  Residential Income

  $108,063,000

  Multifamily

  $133,055,000

  Automotive / Energy

  $79,166,900

  Parking / Income-Based Land

  $27,934,500

  Restaurant / Food Service

  $44,991,100

  Healthcare / Senior Housing

  $91,965,100

Location Insight

City

Lexington

County

Fayette

State

Kentucky

Latitude

38.0782

Longitude

-84.4914

CBSA code

30460

CBSA name

LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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