2321 Sir Barton WayLexington, KY 40509

Property Details for 2321 Sir Barton Way

Year built

2003

Lot size

21.30 AC

Property size (Sq ft)

219,188 SF

Zone code

B-6P

Property type

Retail space

APN

38090030

APU

38090030

Description

Sir Barton Place, located at 2321 Sir Barton Way, Lexington, KY 40509, presents a compelling investment opportunity in a thriving retail environment. This Class C shopping center boasts a total of 219,188 square feet across five single-story buildings, situated conveniently near Man O' War Boulevard. Currently, 19,574 square feet of retail space is available, offering flexible options ranging from 1,003 to 2,550 square feet, ideal for a variety of businesses. The property is zoned for commercial use (APN: 38090030) and benefits from its location within the larger Hamburg Place development, a significant regional hub encompassing 160 acres of office space and over 3 million square feet of retail space, complemented by a substantial residential area. This prime location offers excellent visibility and accessibility, with easy access to I-75 and proximity to downtown Lexington. The multiple tenancy structure provides a diverse tenant mix, contributing to a robust and stable income stream. This opportunity allows investors to capitalize on the strong retail presence and significant growth potential within this established and expanding commercial area. The available spaces present a unique chance to establish or expand a business within a well-established and high-traffic shopping center.

• CAP approach

  CAP return

  Valuation

  6%

  $54,104,268

  6.5%

  $49,942,404

  7%

  $46,375,088

• Comparable approach

  Method

  Valuation

  Relative Method

  $46,680,184

  Geo Method

  $68,596,816

• Alternative Use

  Use

  Valuation

  Residential

  $42,128,284

  Hospitality

  $38,589,284

  Educational

  $32,105,830

  Medical

  $33,210,000

  Retail

  $49,942,404

Location Insight

City

Lexington

County

Fayette

State

Kentucky

Latitude

38.0219

Longitude

-84.4242

CBSA code

30460

CBSA name

LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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