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Prime 24-Unit Assisted Living or Apartment Opportunity

$5,100,000

319 Duke Rd, Lexington, KY 40502

Active
Last Updated: 10/21/2025

23,216 sqft

Building Size

1.3 acres

Lot Area

Details:
Building Size:    23,216 sqft
Lot Area:    1.3 acres
Class:    A
Units:    24
Year Built:    2020
Highlights:
  • 24 one-bedroom street facing, courtyard facing, or corner rooms
  • Unit sizes 560-580 SF
  • Lodge-style clubhouse and common areas with high-quality finishes
  • Resident lounge and main dining area with full commercial kitchen
  • Basement level with space for fitness and recreation
  • Large enclosed courtyard and garden area for residents’ enjoyment
  • Administrative offices and private meeting areas
  • FF&E; included, offering a turnkey operational setup
  • Parking: 24 spaces
  • Generator, elevator, sprinklers installed
Description:

Welcome 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.

The seller, Harbour Behavioral Health, currently utilizes only the common areas, leaving the residential units vacant. 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.

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 providers

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Documents:
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SVN_Brochure_-_319_Duke_Road.pdf
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