Eric Hibbs - Coldwell Banker McMahan

IQWeb_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 87% 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. The convenient location and ample parking make this site attractive to a number of potential future tenants.

IQWeb_Details

IQWeb_MLS1714823
IQWeb_SubtypeResale
IQWeb_StatusActive
IQWeb_Year2001
IQWeb_Days_on_Site412

IQWeb_Features

IQWeb_SQ_Feet9,000
IQWeb_Storys0
IQWeb_ZoningB-3

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IQWeb_Area_Information

IQWeb_StateKY
IQWeb_CountyFayette
IQWeb_CityLexington
IQWeb_Zip_Code40505
IQWeb_AreaFayette County NW 1
Listing VS Median (in 40505)
Price:
$1,095,000
low | high
Med:
$145,000
100% of Average
SqFt:
9,000
low | high
Med:
1,693
100% of Average
$ / SqFt:
$122
low | high
Med:
$90
76.315413057637% of Average
On Site:
412
low | high
Med:
41
100% of Average
IQWeb_Listing_Updated: 08/14/2018
MLS Number: 1714823
IQWeb_Listing_Provided_By:
Adam Boardman  IQWeb_of  Block + Lot Real Estate