150 Northland Drive, Lexington, KY 40505
$3,150,000
Property Type:
Residential Income
Square Footage:
62,008
Lot Size (sq. ft.):
242,629
Status:
Closed
Current Price:
$3,150,000
List Date:
2/25/2016
Last Modified:
8/26/2025
Overview
Description
Listing Details MLS# 1603301
Status Change Information
- Price Change Timestamp
- 2016-05-19T14:31:44Z
- Status Change Timestamp
- 2016-05-19
- Purchase Contract Date
- 2016-03-04
- Close Date
- 2016-05-19
- Close Price
- 3150000
- Buyer Financing
- Other
- Sale Type
- Arms Length Sale
- Concessions Comments
- na
Address
- County
- Fayette
- Street Number
- 150
- Street Name
- Northland
- Street Suffix
- Drive
- State
- KY
- Zip Code
- 40505
- Directions
- The property is located in the popular North Limestone corridor that has seen significant growth in recent years. The surrounding area is primarily commercial and single family buildings. It is in close proximity to New Circle Road.
Contract
- Original List Price
- 3350000
- Start Showing Date
- 2016-02-11
- Listing Contract Date
- 2016-02-11
- Listing Agreement
- Exclusive Right To Sell
- Office Exclusive YN
- No
- List Price/Acre
- 601436.27
- List Price/SqFt
- 54.03
- Sold Price/Acre
- 565529.62
- Sold Price/SqFt
- 50.8
- SP/LP
- 0.94
Tax Legal
- MLS Area Major
- 001 - Fayette County NW
- Subdivision Name
- Commercial
Interior
- Living Area
- 62008
- Bathrooms Half
- 0
Building
- Year Built
- 1970
More Information
Lot
- Lot Size Acres
- 5.57
- Lot Size Square Feet
- 242629.42
Remarks
- Public Remarks
- The Biscayne Apartments are a multi-family investment property located in North Lexington, inside of New Circle Road. The property sustains high levels of historical occupancy as it is located in the up and coming North Limestone corridor. The site operates as a 78-unit apartment complex consisting of 30 one-bedroom units and 48 two-bedroom units totaling 62,008 SF. Included in the offering and adjacent to the Biscayne Apartment complex is 1.86 acres of R-3 zoned land that is approved to support 36 additional units and 54 parking spaces. The land offers 100 yards of prime road frontage on North Limestone Street (NoLi).
Tax & Legal
- Zoning Description
- R-3
Special Listing Conditions
- Standard
- Yes
Property Features
Special Listing Conditions:
Standard
Listing Office:
Block + Lot Homes
Last Updated: August - 26 - 2025
Information deemed reliable but not guaranteed.