Lexington, Kentucky is legendary for horses because, well, it’s the horse capital of the world. It has a proud history of horse racing and breeding, which means large, sprawling properties of land for these majestic creatures to roam, but Lexington is not just horses. Lexington, Kentucky is also home to the largest restored Shaker Village in the world, a plethora historic homes, shopping, a historic downtown, hotels, and dining. As the Leader-Telegram coined, Lexington is the Belle of the Bluegrass.
Lexington, KY Continues to Grow
On the official Lexington, Kentucky website, a Letter from the Mayor puts it perfectly, “…We’re known for our beautiful countryside, thriving economy, great hospitality, exciting arts community and much more. Our Great American City is firing on all cylinders…” In other words, Lexington is thriving and has no plans in ceasing.
According to the Lexington Herald Leader, some neighborhoods and homes in Lexington were reassessed and were found to have a higher value. This is great news for the economy and home owners as this increases the total value of land in Fayette County from $23.8 billion to $25 billion, which is a huge opportunity.
Commercial Property Appraisals in Lexington, Kentucky
The increase in the total land value has encouraged commercial property holders to appraise their property worth to determine if there was an increase as well. Commercial property holders should take into account the rising worth for insurance, resale value, and so on.
This mid-sized community has been crying out for some time for a commercial appraiser with experience and rapid turn-around time, that produces a quality product; thus, Russell Roberts Appraisal is here to help.
Russell’s team has experience in appraising farms, shopping malls, restaurants, and so much more. We’re ready to take on any challenge thrown our way and enjoy working in this historically rich area that is sure to continue growing.