1951 North Broadway

Retail-Commercial for Sale
Also listed as Vacant Land
Catylist Listing ID: 30865843
Property Subtypes: Convenience Store, Free-Standing Building, Restaurant, Service Station/Gas Station, Other
Building Size (RSF): 2,600 SF
Gross Land Area: 1.30 Acres
Sale Price: $1,375,000
Unit Price: $528.85 PSF
Has Drive-Thru? Yes
Property Use Type: Vacant/Owner-User
Usable Size (USF): 2,600 SF
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 6/6/2024

Overview / Comments

Block+Lot is excited to offer 1.3 acres of flat, retail land off of N. Broadway for lease or for sale. The property is conveniently located just off Interstates 75/64 and only 0.8 miles from Downtown Lexington, and is conducive to redevelopment or to be used as is.

The 2,600 SF restaurant is available for lease and with many recent improvements is in excellent condition, ready for a new restaurant to take over as second generation restaurant space. All fully-equipped kitchen equipment is included.

Immediately surrounding the site is a Shell gas station, Marathon gas station, and Days Inn and Suites. There are approximately 26,600 avg. cars/day on N. Broadway.

The property is zoned B-5P (Interchange Business) making it ideal for many retail uses including restaurants and convenience stores, hospitality, and gas/automotive service stations.

The former Transylvania University Baseball fields were recently purchased, and upon approval, will be transformed into an affordable housing development featuring homes, apartments, and possibly townhomes on the 12.5-acre property. Learn more: https://amp.kentucky.com/news/local/counties/fayette-county/article286728455.html

This offering is also available for lease at $23.5 PSF/Year + NNN.

Attachments & Media

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Tax ID/APN: 13895950
Zoning: B-5P (INTERCHANGE BUSINESS)
Retail Clientele: General, Traveler, Tourist
Property Visibility: Excellent
Largest Nearby Street: Interstates 75/64
Traffic/Vehicle Count: 26,600
Site Description: The property is zoned B-5P (Interchange Business) making it ideal for many retail uses including restaurants and convenience stores, hospitality, and gas/automotive service stations.
Area Description: Immediately surrounding the site is a Shell gas station, a Marathon gas station, and a Days Inn and Suites. There are appx. 26,600 avg. cars/day on N. Broadway.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,600 SF
Property Condition: Excellent
Zoning Description: Interchange Business

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,592 67,238 164,129
Median Age: 41.27 35.45 34.84
Households: 3,825 28,475 69,302

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