For Sale | Ruccio Pavilion | Lexington, KY
Shopping Center
for Sale
| Catylist Listing ID: |
30410561 |
| Property Subtypes: |
Neighborhood Center
|
| Building Size (RSF): |
17,649 SF
|
| Sale Price: |
$4,271,075 |
| Unit Price: |
$242 PSF |
| Property Use Type: |
Investment |
| Building Name: |
Ruccio Pavilion |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
7.95% |
| Last Updated: |
1/15/2021 |
Overview / Comments
Investment opportunity available. Ruccio Pavilion, a +/-17,649 SF shadow retail center (100% leased), adjacent to Meijer, located on Ruccio Way just off Reynolds Road in south Lexington. The neighboring trade area includes Fayette Mall, Target, The Mall at Lexington Green, Lexington Green, a Class A office space complex of +/-160,000 SF, Embassy Suites Hotel and many other retail shops and restaurants. This location is well-positioned to the major arteries serving the Lexington region offering quick and convenient access to Nicholasville Road and New Circle Road.
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Additional Details
| Nearest MSA: |
Lexington-Fayette |
| County: |
Fayette |
| Tax ID/APN: |
38195320 |
| Zoning: |
B-6P |
| Retail Clientele: |
General |
| Property Visibility: |
Good |
| Site Description: |
Ruccio Way is located just off Reynolds Road near Nicholasville Road and New Circle Road. This area is an established and well-known retail and office destination within the Lexington trade area. The site is just minutes from Interstates 75/64, Blue Grass Airport, Man O' War Boulevard and downtown Lexington. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Property Condition: |
Good |
| Parking Type: |
Surface |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
13,573 |
125,884 |
229,707 |
| Median Age: |
35.91 |
36.09 |
35.56 |
| Households: |
6,270 |
53,793 |
97,857 |
|
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