1017 Wellington WayLexington, KY 40513

  • Commercial land
  • 0.75 AC
For Lease

Property Details for 1017 Wellington Way

Lot size
0.75 AC
Zone code
B-1
Property type
Commercial land
APN
10045740
APU
10045740

Description

This exceptional 1.7-acre commercial land parcel presents a unique opportunity for retail development in Lexington, Kentucky. Situated at 1017 Wellington Way, in the highly desirable 40513 zip code, this property offers unparalleled visibility and accessibility. Zoned B-1, Neighborhood Business, the land is ideally suited for a variety of retail uses. Built in 2019, the site boasts a single-tenant capacity and benefits from its strategic location just off Harrodsburg Road, adjacent to Palomar Center. Across the street from established businesses like Panera Bread and LA Fitness, this location ensures high foot traffic and brand recognition. The property's proximity to Keeneland Racetrack and Blue Grass Airport further enhances its appeal, providing convenient access for both local and regional clientele. This 1.7-acre lot offers a blank canvas for a new retail development, promising significant return on investment in a thriving Lexington market. The property is available for ground lease or build-to-suit options, providing flexibility for potential developers. Fayette County location ensures access to robust infrastructure and community support. This is a rare opportunity to acquire a prime retail site in one of Lexington's most sought-after areas.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $6,977,058
    Hospitality
    $6,390,948
    Educational
    $5,317,194
    Medical
    $5,500,060
    Retail
    $8,271,190
1017 Wellington Way, Lexington, Kentucky

Location Insight

City
Lexington
County
Fayette
State
Kentucky
Latitude
38.0056
Longitude
-84.5693
CBSA code
30460
CBSA name
LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,162
-
-
$660,000
-
-
-
$660,000

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