Rare opportunity to purchase a large multi-family development in the heart of Winchester! Directly across the street from Legacy Grove Park with Lexington Avenue frontage. All building and engineering plans available to build 66 approved townhomes with the possibility of adding 4 more. Currently zoned PD (Planned Development), could possibly be changed to commercial due to neighboring commercial property. Main property is 4.87 acres. Two other parcels will also be included, 220 and 231 (retention pond) Fairfield Way. No current infrastructure but some sewer materials already purchased. Seller would consider subdividing the large parcel to sell only the Lexington Ave side. The property can be accessed from Fairfield Way off of the new Fulton Rd extension. Please do not enter property without an appointment! Do not disturb tenants on Fairfield Way!
Pending
$800,000
1108 W Lexington Ave, Winchester, KY 40391
--beds
0baths
4.87Acres
:
Get pre-qualified$5,168/mo
Unimproved Land
Built in ----
4.87 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Lexington avenue frontageRetention pond
- 73 days |
- 3 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Jason Townsend 859-771-0532,
Kentucky Residential Real Estate, LLC
Source: Imagine MLS,MLS#: 26010978
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Property
Lot
- Size: 4.87 Acres
- Features: Cleared
- Topography: Cleared
Details
- Parcel number: 043301601600
- Zoning: Other
- Zoning description: PD Planned Development
Utilities & green energy
- Utilities for property: Electricity Available, Sewer Available, Water Available
Community & HOA
Community
- Subdivision: Fairfield Park
Location
- Region: Winchester
Financial & listing details
- Tax assessed value: $525,000
- Annual tax amount: $5,250
- Date on market: 5/15/2026
Estimated market value
Not available
Estimated sales range
Not available
$2,354/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/21/2026 | Pending sale | $800,000 |
Source:  Imagine MLS #26010978 Report a problem | ||
| 5/15/2026 | Listed for sale | $800,000 |
Source: Imagine MLS #26010978 Report a problem | ||
| 5/15/2026 | Listing removed | $800,000 |
Source: Imagine MLS #25009775 Report a problem | ||
| 8/22/2025 | Pending sale | $800,000 |
Source: Imagine MLS #25009775 Report a problem | ||
| 7/31/2025 | Price change | $800,000-3% |
Source: Imagine MLS #25009775 Report a problem | ||
| 5/11/2025 | Listed for sale | $825,000+13.8% |
Source: Imagine MLS #25009775 Report a problem | ||
| 8/11/2021 | Sold | $725,000 |
Source: Imagine MLS #20111920 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,250 -26.5% | $525,000 |
| 2023 | $7,141 | $525,000 -27.6% |
| 2022 | $7,141 +142.3% | $725,000 +141.7% |
| 2021 | $2,947 -0.2% | $300,000 |
| 2020 | $2,953 +574.1% | $300,000 |
| 2019 | $438 | $300,000 |
| 2018 | $438 | $300,000 -7.7% |
| 2017 | $438 -7.7% | $325,000 |
| 2016 | $475 | $325,000 |
| 2015 | $475 | $325,000 |
| 2013 | $475 | $325,000 |
| 2011 | -- | $325,000 |
| 2010 | -- | $325,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 40391
Nearby schools
GreatSchools rating
- 5/10Rev. Henry E. Baker Sr. Interm. SchoolGrades: 5-6Distance: 1.2 mi
- 5/10Robert D Campbell Junior High SchoolGrades: 7-8Distance: 1.4 mi
- 5/10George Rogers Clark High SchoolGrades: 9-12Distance: 2.7 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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