2433 Nicholasville Road, Lexington, KY 40503

$950,000

Property Type: Land Lot Size (sq. ft.): 37,026 Status: Closed

Current Price: $950,000 List Date: 6/23/2011 Last Modified: 9/03/2025

Overview

Description

This property is currently under contract pending a 30 day due-diligence period. During this time, seller is accepting back-up offers. Excellent Redevelopment site! -Parcels sold as a group: (1) 2433 Nicholasville Road,(2) 98 Dennis Drive, and (3) 100 Dennis Drive. - Totaling approximately .85 acres. -Zoned B1 -Commercial. Traffic Count 42,700 (AADT) Annual Daily Traffic. Fronts Nicholasville Road. Easy Access for southbound & northbound traffic. Perfect for restaurant, business, professional uses -banks, retailers, etc. US 27-Nicholasville Rd-Highest retail traffic corridor in Lexington. Adjacent to Central KY's most successful shopping center- Fayette Mall. Nicholasville Road has several restaurants, retailers, banks, strip malls and is within 3 miles of UK Hospital, Central Baptist Hospital & downtown Lexington. Easy Access U.S. 27. Excellent visibility, adjacent to Dennis Drive. 2 miles to New Circle Rd, great retail opportuni

Listing Details MLS# 1112322

Listing Information

Property Sub Type: Unimproved Land

Status Change Information

Price Change Timestamp: 2012-04-03T15:59:44Z
Status Change Timestamp: 2012-04-03
Purchase Contract Date: 2011-10-13
Close Date: 2012-03-30
Close Price: 950000
Buyer Financing: Conventional

Address

County: Fayette
Street Number: 2433
Street Name: Nicholasville
Street Suffix: Road
State: KY
Zip Code: 40503
Directions: Nicholasville Road/Dennis Drive
Parcel Number: 11914350

Contract

Original List Price: 1100000
Start Showing Date: 2011-06-23
Listing Contract Date: 2011-06-23
Listing Agreement: Exclusive Right To Sell
Office Exclusive YN: No
List Price/Acre: 1294117.65
List Price/SqFt: 29.71
Sold Price/Acre: 1117647.06
Sold Price/SqFt: 25.66
SP/LP: 0.86

Tax Legal

MLS Area Major: 004 - Fayette County SW
Subdivision Name: Commercial

Lot

Lot Size Acres: 0.85
Lot Size Square Feet: 37026.03

More Information

Remarks

Public Remarks: This property is currently under contract pending a 30 day due-diligence period. During this time, seller is accepting back-up offers. Excellent Redevelopment site! -Parcels sold as a group: (1) 2433 Nicholasville Road,(2) 98 Dennis Drive, and (3) 100 Dennis Drive. - Totaling approximately .85 acres. -Zoned B1 -Commercial. Traffic Count 42,700 (AADT) Annual Daily Traffic. Fronts Nicholasville Road. Easy Access for southbound & northbound traffic. Perfect for restaurant, business, professional uses -banks, retailers, etc. US 27-Nicholasville Rd-Highest retail traffic corridor in Lexington. Adjacent to Central KY's most successful shopping center- Fayette Mall. Nicholasville Road has several restaurants, retailers, banks, strip malls and is within 3 miles of UK Hospital, Central Baptist Hospital & downtown Lexington. Easy Access U.S. 27. Excellent visibility, adjacent to Dennis Drive. 2 miles to New Circle Rd, great retail opportuni

Property Details

Electricity Voltage: 11012
Floodplain YN: No
Paved Street Available YN: Yes
Railroad Available YN: No
Sidewalk Available YN: Yes
Turn Lane YN: No

Tax & Legal

Additional Parcels YN: Yes
Zoning Description: B1

Utilities

Electricity Available: Yes
Natural Gas Available: Yes
Sewer Available: Yes

Special Listing Conditions

Standard: Yes

Documents

Other: Yes

Property Features

Utilities: Electricity Available; Natural Gas Available; Sewer Available; Electricity Available; Natural Gas Available; Sewer Available Special Listing Conditions: Standard Documents: Other

Listing Office: Berkshire Hathaway de Movellan Properties

Last Updated: September - 03 - 2025

Information deemed reliable but not guaranteed.