440 Johnston Road, Lexington, KY 40516 (MLS# 23000454)

440 Johnston Road, Lexington, KY 40516

$1,600,000

Property Type: Farm Lot Size (sq. ft.): 492,664 Status: Closed

Current Price: $1,600,000 List Date: 10/02/2023 Last Modified: 9/03/2025

Overview

Description

11 acre Farm and Training Facility adjacent to the Kentucky Thoroughbred Training Center! This is a great opportunity to purchase an extremely well located property with built in business opportunity. The facility is 11.3 acres with a 100x220 metal building which houses a State of the Art equine swimming pool, ECB Saltwater Cold Spa (new), 14 stalls, 5 wash bays, office/lounge, 60x70 open exercise area, tack and feed rooms etc. Additionally there are 8 outside shed row stalls with adjacent 24x52 metal building w/ bath and office, 10 paddocks and a field for outside gallop/exercise and ample space for trailer turning and parking. The current owner has an arrangement with the Training Center to use the adjacent one mile training track on a per horse per day basis. Great Location and Opportunity!

Listing Details MLS# 23000454

Listing Information

Comp Sale YN: No
Property Sub Type: Farm

Status Change Information

Price Change Timestamp: 2023-10-10T14:17:47Z
Status Change Timestamp: 2024-01-17
Purchase Contract Date: 2023-11-17
Close Date: 2024-01-17
Close Price: 1600000
Buyer Financing: Cash
Sale Type: Arms Length Sale
Concessions Comments: no

Address

County: Fayette
Street Number: 440
Street Name: Johnston
Street Suffix: Road
State: KY
Zip Code: 40516
Parcel Number: 19964520

Contract

Original List Price: 1995000
Start Showing Date: 2023-01-09
Listing Contract Date: 2023-01-09
Listing Agreement: Exclusive Right To Sell
Occupant Type: Occupied
Office Exclusive YN: No
List Price/Acre: 148010.61
Sold Price/Acre: 141467.73
SP/LP: 0.96

Tax Legal

MLS Area Major: 002 - Fayette County NE
Subdivision Name: Rural
High School District: Fayette County - 1

Lot

Lot Size Acres: 11.31
Lot Size Square Feet: 492664
Lot Size Dimensions: 580x840
Conservation Easement YN: No
View YN: Yes

More Information

Remarks

Public Remarks: 11 acre Farm and Training Facility adjacent to the Kentucky Thoroughbred Training Center! This is a great opportunity to purchase an extremely well located property with built in business opportunity. The facility is 11.3 acres with a 100x220 metal building which houses a State of the Art equine swimming pool, ECB Saltwater Cold Spa (new), 14 stalls, 5 wash bays, office/lounge, 60x70 open exercise area, tack and feed rooms etc. Additionally there are 8 outside shed row stalls with adjacent 24x52 metal building w/ bath and office, 10 paddocks and a field for outside gallop/exercise and ample space for trailer turning and parking. The current owner has an arrangement with the Training Center to use the adjacent one mile training track on a per horse per day basis. Great Location and Opportunity!

Land Details

Farm With House YN: No

Other Structures Info

Number Of Stalls: 22

Tax & Legal

Tax Rate: 1.1166
Zoning: AR
Directions: North on Paris Pike, turn Right onto Johnston Road just past the Thoroughbred Center. Driveway is about .5 miles ahead on the right and is the 2nd property up the driveway on the left

Interior

Living Area: 0
Above Grade Finished Area: 0

Utilities

Electricity Connected: Yes
Water Connected: Yes

Fencing

Plank: Yes

Horse Amenities

Hay Storage: Yes

Lot Features

Level: Yes

Other Structures

Workshop: Yes

Sewer

Septic Tank: Yes

View

Farm: Yes

Water Source

Public: Yes

Current Use

Horses: Yes

Possible Use

Horses: Yes

Farm Improvements

Equipment Building(s): Yes
Office: Yes
Silo(s): Yes

Possession Farm Land

Close Of Escrow: Yes
Negotiable: Yes

Showing Requirements

Call Listing Agent: Yes
Call Listing Office: Yes
Listing Agent Must Accompany: Yes
No Sign: Yes

Property Features

Utilities: Electricity Connected; Water Connected; Electricity Connected; Water Connected Current Use: Horses Farm Improvements: Equipment Building(s); Office; Silo(s) Fencing: Plank Horse Amenities: Hay Storage Lot Features: Level Other Structures: Workshop Possession Farm Land: Close Of Escrow; Negotiable Possible Use: Horses Sewer: Septic Tank View: Farm Water Source: Public Showing Requirements: Call Listing Agent; Call Listing Office; Listing Agent Must Accompany; No Sign

Listing Office: Biederman Real Estate

Last Updated: September - 03 - 2025

Information deemed reliable but not guaranteed.