Restaurant/Office near downtown and UK's campus

Retail-Commercial for Sale
Catylist Listing ID: 30835115
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail
Building Size (RSF): 8,700 SF
Gross Building Area: See Agent
Sale Price: $1,650,000
Unit Price: $189.66 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/8/2023

Overview / Comments

Priced well below replacement cost, 319 Cedar Street is ideally located near downtown and the University of Kentucky at the highly visible corner of Broadway and Cedar Street with over 25,000 VPD past the site.

This three story building was built in 2012. The building also has a full kitchen in the basement with an elevator and dumbwaiter.

There are currently high end bars on the first and second floors with two restrooms on each floor.

15 Parking Spaces on site with ample parking meters surrounding the property.

Zoned B-2A, Downtown Frame Business

Property is also available for lease at $18/SF + NNN

*Listing Agent has a financial interest in the subject property.

Attachments & Media

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Tax ID/APN: 14787600
Zoning: B-2A
Property Visibility: Excellent
Traffic/Vehicle Count: 25,546
Property Condition: Excellent
Year Built: 2012
Zoning Description: B-2A, Downtown Frame Business

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 20,745 123,973 242,214
Median Age: 27.92 35.24 35.38
Households: 9,363 52,062 102,931
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