Prime 24-Unit Assisted Living or Apartment Opportunity

For Sale

319 Duke Rd, Lexington, KY 40502

This Lexington property for sale is located at 319 Duke Rd. The current listed sale price for Prime 24-Unit Assisted Living or Apartment Opportunity is $5,100,000. Prime 24-Unit Assisted Living or Apartment Opportunity is situated on a lot that is 1.3 acre in size.

Contacts

Justin Ryder, CCIM

SVN | Stone Commercial Real Estate

Property Details

  • Property Type Multi-Family
  • Property Size 23,216 SF
  • Units 24
  • Lot Size 1.3 Acre
  • Year Built 2020
  • Date Updated May 1, 2026
Situated in Lexington’s historic Chevy Chase, known for walkability and charm Close to local amenities such as barber shops, pharmacies, cafés, and restaurants High Walk Score neighborhood offering safety, convenience, and lifestyle appeal Less than 1 mile west of the University of Kentucky campus 2 miles to downtown Lexington and major healthcare providersWelcome to a rare, high-end residential or care facility opportunity in one of Lexington’s most desirable and walkable neighborhoods. Built in 2020 and nestled within the charming Chevy Chase area, this 24-unit, 23,216 SF property combines modern construction, thoughtful design, and exceptional flexibility. Originally designed and certified for assisted living, the layout and finishes also make it ideal for boutique apartments, medical housing, or other residential care uses. Located just two miles from downtown Lexington and the University of Kentucky, residents enjoy quiet tree-lined streets, easy access to neighborhood shops, and a strong sense of community. This property represents a turnkey Class-A opportunity for operators or investors seeking flexibility—whether as a senior housing facility, rehabilitation or behavioral health residence, or luxury multifamily community. Its modern construction, thoughtful layout, and premier location make it one of Lexington’s most adaptable and compelling offerings. As part of the transaction, the seller may consider a short- term leaseback while the buyer implements their business plan. Please inquire with agent for more details.
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Highlights

  • 24 one-bedroom street facing, courtyard facing, or corner rooms
  • Administrative offices and private meeting areas
  • Basement level with space for fitness and recreation
  • FF&E; included, offering a turnkey operational setup
  • Generator, elevator, sprinklers installed
  • Large enclosed courtyard and garden area for residents’ enjoyment
  • Lodge-style clubhouse and common areas with high-quality finishes
  • Parking: 24 spaces
  • Resident lounge and main dining area with full commercial kitchen
  • Unit sizes 560-580 SF

Attachments

Getting around

  • 55/100

    Walk Score ®

  • 30/100

    Transit Score ®

Powered by Walk Score ®

Location

  • City Lexington, KY
  • Neighborhood Chevy Chase
  • Zip Code 40502
  • Market Lexington

Points of Interest

  • Speedway

    0.99 miles

  • BP

    1.31 miles

  • Shell

    1.46 miles

  • Thorntons

    1.71 miles

  • Marathon

    1.91 miles

  • Tesla Supercharger

    3.61 miles

  • ChargePoint

    4.26 miles

  • Parking Lot E

    0.87 miles

  • Green Lot

    0.91 miles

  • Parking Structure #7

    0.92 miles

  • Red Lot

    1.07 miles

  • E Lot (Library Parking)

    1.09 miles

  • Blue Lot

    1.10 miles

  • Parking Structure #1

    1.15 miles

  • Hardin Properties Parking Lot

    1.21 miles

  • Orange Lot

    1.26 miles

  • SAE Parking Lot

    1.27 miles

  • Ronald McDonald House

    0.81 miles

  • WoodSpring Suites

    1.62 miles

  • Hampton Inn Lexington Medical Center

    1.75 miles

  • Holiday Inn Express & Suites

    1.80 miles

  • Double Tree Hilton

    1.86 miles

  • Lexington Marriott City Center

    1.89 miles

  • Residence Inn Lexington City Center

    1.90 miles

  • 21c

    1.93 miles

  • Home2 Suites

    1.95 miles

  • Bourbon Hous

    1.97 miles

  • Kroger

    0.79 miles

  • Wildcat Pantry

    1.09 miles

  • The Fresh Market

    1.88 miles

  • Lucky

    1.93 miles

  • Trader Joe's

    2.02 miles

  • TJ Maxx

    2.16 miles

  • Good Foods Co-op

    2.18 miles

  • Burlington

    2.35 miles

  • Wine + Market

    2.39 miles

  • Big Lots

    2.93 miles

Contact Listing Broker
Justin Ryder, CCIM

SVN | Stone Commercial Real Estate

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