6409 Polo Club LnLexington, KY 40509

Property Details for 6409 Polo Club Ln

Year built

2009

Lot size

0.74 AC

Property size (Sq ft)

3,196 SF

Zone code

CC

Property type

Retail properties

Property subtype

Banks

APN

38196170

APU

38196170

Description

This exceptional 3,196 square foot retail property, built in 2009, presents a unique investment opportunity in Fayette County. The single-tenant building features a highly desirable drive-thru, perfect for a variety of businesses. Its flexible Community Center zoning allows for diverse uses. Strategically located on Polo Club Lane, this property benefits from its proximity to significant developments driving substantial growth in the area. These include the burgeoning Hamburg growth on Polo Club, a new ±$250 million Baptist Health ER and Outpatient Medical and Cancer Center, a new 41-acre UK Healthcare facility, and the upcoming Mary E. Britton Middle School (opening 2025) serving 1,200 students. Furthermore, the property is adjacent to the 44-acre Hamburg East mixed-use development, which will encompass restaurants, apartments, retail spaces, green areas, and hotels. The asking price is $135,000 plus NNN, with availability commencing December 2024. This location offers unparalleled access to a rapidly expanding and affluent community. Don't miss this chance to secure a prime retail space in a high-growth area.

• CAP approach

  CAP return

  Valuation

  6%

  $789,315

  6.5%

  $728,598

  7%

  $676,556

• Comparable approach

  Method

  Valuation

  Relative Method

  $680,744

  Geo Method

  $1,000,216

• Alternative Use

  Use

  Valuation

  Residential

  $614,600

  Hospitality

  $562,970

  Educational

  $468,385

  Medical

  $484,493

  Retail

  $728,598

Location Insight

City

Lexington

County

Fayette

State

Kentucky

Latitude

38.0254

Longitude

-84.405

CBSA code

30460

CBSA name

LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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