New Circle Road Shopping Center

Shopping Center for Sale
Catylist Listing ID: 30648195
Property Subtypes: Strip Center
Building Size (RSF): 13,500 SF
Gross Building Area: See Agent
Gross Land Area: 38,000 SF
Sale Price: $1,750,000
Unit Price: $129.63 PSF
Ceiling: 11 ft.
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/29/2021

Overview / Comments

Very attractive strip shopping center located on the very busy New Circle Road. One of Lexington's highest traffic counts coupled with densely populated surrounding neighborhoods, make this one of Lexington's most desirable business areas. Current occupancy 92%!

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Tax ID/APN: 10619050
Zoning: B-3
Retail Clientele: General
Property Visibility: Excellent
Largest Nearby Street: New Circle Rd.
Feet of Frontage: 275
Highway Access: Direct access on to New Circle Rd.
Airports: Bluegrass
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1987
Roof Type: Flat
Construction/Siding: Block
Parking Type: Surface
Total Parking Spaces: 50
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Lot Frontage: 275 Per PVA
Lot Depth: 136
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,646 93,877 198,763
Median Age: 40.01 34.85 34.64
Households: 5,821 38,972 85,208


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