163 N Ashland Avenue
Lexington, KY, 40502 $ 3,200,000
Bedrooms-- Baths-- Sq 52,931 Monthly Estimate*
$ 20,205
for $3,200,000. This 52,931 square foot building was built in 1976 on a lot size of 1.97.
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
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FeaturesGeneralPossession Close Of Escrow
Zoning Other
Year Built 1976
Property Subtype Mixed Use
Parcel Number 94010150 94037380 94037000 10188801 94010200
Business Type Other
County Fayette
New Construction N
Property Type Commercial Sale
Attached Garage N
Status Active
Directions Richmond Road inbound turn right on N. Ashland Ave. Property is on your left.
City Lexington
Zoning Description R-1D
MLS Area 002 - Fayette County NE
Lot Size Units Acres
Lot Size Square Feet 85813.2
Land Lease Y/N N
MLS Area Minor 002 - Fayette County NE
Leasable Area 52931.0
Lease Considered Y/N N
Rent Control Y/N N
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Senior Community None
Water Body Access Y/N None
Accessibility Features Y/N None
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ExteriorParking Features On Site Paved
Total Parking 71.0
Lot Size Area 1.97
Number of Buildings 5
Building Area Total 52931.0
Lot Size Acres 1.97
Crops Included Y/N N
Irrigation Water Rights Y/N N
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InteriorBasement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Total Baths 0
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* Excluded FeaturesList Byadam@balrealestate.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $20,205
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Lexington, KY
Average List Price $1,456,900
Percent of Sale Price 54%
About Lexington, KY 309,571 Population
19% Since 2002
$ 49,858 Median Income
34.93 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
458656 Elementary School
458772 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/5/2026 | $3,200,000 | | Listed Price |