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150 N Northland Dr
Lexington, KY 40505 East Lexington

Price Upon Request

Apartments For Sale  •  64,750 SF

Property Details

  • Property Type Apartments
  • Total Building Size 63,065 SF
  • Lot Size 4.14 AC
  • Building Class C
  • Year Built 1975
  • Zoning R-3
34 Transit Score
70 Walk Score

Highlights

Under-rented Asset with Significant Upside: 78-unit community currently $.36/sf under-rented
Permanently Tax-Advantaged via Opportunity Zone & QCT Dual Designation: Strategic location w/ tax-advantaged benefits & long-term capital preservation
Strategic Urban Core Proximity: Just minutes from the NoLi District & Greyline Station, Lexington's premier destination for local dining & retail
High-Traffic Visibility: Situated on a primary artery with 14,668 cars per day, providing continuous organic marketing
Employment Anchor Access: Proximity to Rupp Arena, Central Bank Center, and UK Healthcare ensures a robust and diverse tenant base
Favorable Market Dynamics: Insulated by Lexington's Urban Service Boundary, which restricts new competition and drives organic rent growth

Property Flyers

Amenities

  • Air Conditioning
  • Laundry Facilities
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Carpet

Public Transportation

AirportDriveWalkDistance
Blue Grass 19 min - 10.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 120
Type: Surface
Included in Rent: Yes
Justin Ryder 859-306-0617 SVN | Stone Commercial Real Estate
Justin Ryder 859-306-0617 SVN | Stone Commercial Real Estate