Catylist ID:
#30835115
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: | $1,675,000 |
| Unit Price: | $192.53 PSF |
| In Opportunity Zone? | Yes |
| Property Use Type: | Vacant/Owner-User |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 3/20/2023 |
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 |
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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