25
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$3,200,000
52,931 SqFt
New
163 N Ashland Avenue Lexington, KY 40502
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 52,931 sqft
Price per Sqft $60
MLS Listing ID 26027495
Year Built 1976
Lot Size 1.970 Acres
Acres 1.97
Property Sub-Type Mixed Use
Property Description
Listing Includes: 151 N. Ashland Ave, 155 N. Ashland Ave, 163 N. Ashland Ave, 713 Franklin Ave., & 724 Hambrick Ave. A rarely available five-property portfolio in one of Lexington's most walkable, in-demand east-side neighborhoods. The centerpiece is the historic church campus at 163 N. Ashland Avenue, a 49,095 SF facility whose sanctuary seats approximately 1,100. The offering also includes two houses and two parking lots, giving a buyer both immediate ministry use and long-term land assemblage in a neighborhood where large sites almost never trade. Turnkey church relocation. Congregations priced out of new construction can step into a full campus—worship, education, offices, and off-street parking—on North Ashland Avenue, next to Ashland Elementary and Temple Adath Israel, and a short walk to Chevy Chase shops, restaurants, and UK. Redevelopment assemblage. Planning around single-family infill, luxury townhomes, or multifamily, subject to zoning, overlays, and neighborhood review. In Chevy Chase / Kenwick / Ashland Park and Bell Court, that kind of assembled frontage is uncommon. This is a large institutional footprint inside a mature, high-demand residential fabric—the kind of listing that typically never hits the open market. Property Highlights: -Five total properties totaling 52,931 SF and 1.97 AC -R-1D Zone for potential single family or multifamily redevelopment -Located just minutes from Downtown Lexington in the highly-desirable Chevy Chase and Bell Court neighborhood, just off of Richmond Road -71 total parking spaces with additional on-street parking
Location
State KY
County Fayette
Zoning Other
Exterior
Parking Features On Site, Paved
View Y/N N
Handicap Access No
Private Pool No
Listed by Block + Lot Homes
NEARBY SCHOOL & BUSINESS
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