216 Southland Dr Lexington, KY 40503
Deerfield NeighborhoodEstimated payment $4,757/month
About This Lot
Excellent commercial corner lot, zoned B-1 and located on one of Lexington's best known and busiest business corridors, with a traffic count of +/- 13,200 cars per day. Great location for a coffee shop, doughnut shop, telephone store, bank branch, just to name a few. Southland Drive was the subject of an extensive renovation project in 2020. The renovations included installation of new sidewalks, drainage system improvements, lots of new landscaping, new pavement, and widening of the street to allow for the new center turning lane, as well as new bicycle lanes running from end to end. The improvements served to make a very desirable business area, even more desirable. There was formerly a gas station located on the property, the building has been removed. Shield Environmental Associates, of Lexington, removed the underground tanks, and is performing site remediation work, seller hopes to receive the final approval letter from the KY EPA division soon.
Property Details
Property Type
- Land
Est. Annual Taxes
- $4,946
Lot Details
- 0.47 Acre Lot
- Zoning described as B-1
Community Details
- Commercial Subdivision
Listing and Financial Details
- Assessor Parcel Number 11565400
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $4,946 | $400,000 | $0 | $0 |
| 2023 | $4,946 | $400,000 | $0 | $0 |
| 2022 | $5,110 | $400,000 | $0 | $0 |
| 2021 | $4,797 | $375,500 | $0 | $0 |
| 2020 | $4,797 | $375,500 | $0 | $0 |
| 2019 | $4,797 | $375,500 | $0 | $0 |
| 2018 | $4,471 | $350,000 | $0 | $0 |
| 2017 | $4,261 | $350,000 | $0 | $0 |
| 2015 | $3,917 | $350,000 | $0 | $0 |
| 2014 | $3,917 | $350,000 | $0 | $0 |
| 2012 | $3,917 | $350,000 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/15/2025 07/15/25 | For Sale | $799,000 | 0.0% | -- |
| 06/30/2025 06/30/25 | Off Market | $799,000 | -- | -- |
| 05/03/2025 05/03/25 | For Sale | $799,000 | 0.0% | -- |
| 05/02/2025 05/02/25 | Off Market | $799,000 | -- | -- |
| 12/18/2024 12/18/24 | For Sale | $799,000 | 0.0% | -- |
| 12/02/2024 12/02/24 | Off Market | $799,000 | -- | -- |
| 04/23/2024 04/23/24 | For Sale | $799,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $400,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $400,000 | Unknown |
Source: ImagineMLS (Bluegrass REALTORS®)
MLS Number: 24007768
APN: 11565400
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