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$899,000 ↓$95,000on 10/9/2024

368 Paynes Depot Road Lexington, KY  40511

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Property Description for 368 Paynes Depot Road Lexington, KY 40511

Industrial buildings totaling Ap 8100 feet with a nice house located half way between Georgetown, Lexington, and Midway 1 mile off I-64 sitting on 2.15 acres. This secluded property is move in ready for a fabrication, welding, and paint shop. The large building, Ap 6600 feet, was completed in 2016 and has 3 phase, 400 amp electric service. Concrete floors Ap 6''thick, ceilings 10 feet in the office area to 16 feet on the work floor. The office wing has a bath and shower. There is a Ky registered paint booth with an attached mixing area. Another building which was built in 2011 is Ap 1500 feet with 3 foot poured knee walls and a total height of 16 ft. A large overhead door and a man door provide plenty of access. This building has 3 phase electric and water near the door. All buildings are permitted and inspected. A nice house with Ap 2400 feet on 2 levels is a short walk from the work buildings. Handicap entrance opens into a 4 bedroom 1 bath house with hardwood floors, finished basement, and a deck off the kitchen. Buyer verify footage. Additional opportunity with Equipment, Toyota and other contracts. Business/ Equipment Price negotiable. Owner willing to mentor.

Address:368 Paynes Depot Road Lexington KY 40511
Status:Active
on site: 177 days
Price:$899,000
Bathrooms:0
Year Built:9999
Lot Size:2.15
County: Scott
MLS #:24012714

Lot Dimensions:93654
Directions:US 62 W out of Georgetown when you pass I-64 go to rail road tracts and make immediate left.
Abv. Grnd. Sq. Ft. :8,100

Loan Price
$5,065
Price And Interest $4,690/month
Property Tax $0/month
MTG INS $0/month
HOME INS $375/month
Price
$899,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$0/month
Home Owner Insurance
$4,500 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

DateOld PriceNew PricePercent Change
10/09/24 $994,000 $899,000 -9.6%
09/19/24 $995,000 $994,000 -0.1%

Mandatory HOA Fee:$

Area: 005 - Scott County
Subdivision: Rural
Zip Code:40511

Exterior Type:Aluminum Siding, Block, Vinyl Siding
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

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Listing provided courtesy of Rita Jones with Keller Williams Commonwealth

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company include the name of the listing IDX broker. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.





Lexington, KY Market Report

95
Avg. DOM
$243
Avg. $ / Sq.Ft.
$ 415,000
Med. List Price

The house prices in Lexington are not dropping at the moment. There has been a increase in price of $20,630.45. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Lexington are going Up. The average house price is $399,000.00 and the average price per square feet is $243.00 per square feet. At the moment, the amount of homes listed is exactly 2667 houses, with 450 with active status, 347 with pending status and 1870 sold in Lexington .

The most popular place to buy a home in Lexington is 003 - Fayette County SE. 003 - Fayette County SE is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Lexington .

The average amount of property taxes you would have to pay for a home in Lexington is $0.00. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Lexington are staying listed for an average of 70 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Lexington was 573 minutes ago.

At the moment we have 18 open houses that you can visit.

The cost of the most expensive home in Lexington is $10,500,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Lexington is $92,500.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Lexington in year 1794 and the newest built house is in year 9999.

The average size of properties in Lexington is 47.24 sq.ft. , the biggest one being 3633 sq.ft. and the smaller being 0 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.