Eric Hibbs - Coldwell Banker McMahan
1719 N Broadway
Lexington, KY 40505

$1,095,000

Description

Stable Retail investment Opportunity - 1719 North Broadway is conveniently located between New Circle Rd. (Highway 4) and Interstate 75/64 in Lexington, KY. This highly visible site boasts tremendous traffic counts. The property is currently 100% occupied, and has maintained stable occupancy since purchased in 2006. The property also holds value add potential with an average rental rate below current market rates, and all current leases include renewal options with rent escalations.

Details

MLS#1714823
Sub-TypeResale
StatusActive
Year2001
Days On Site481

Features

SQ Feet9,000
Story(s)0
ZoningB-3

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Area Information

StateKY
CountyFayette
CityLexington
Zip Code40505
AreaFayette County NW 1
Listing VS Median (in 40505)
Price:
$1,095,000
low | high
Med:
$137,200
100% of Average
SqFt:
9,000
low | high
Med:
1,404
100% of Average
$ / SqFt:
$122
low | high
Med:
$98
69.678663896419% of Average
On Site:
481
low | high
Med:
44.5
100% of Average
Listing Updated: 10/22/2018
MLS Number: 1714823
Listing Provided By:
Adam Boardman  of  Block + Lot Real Estate