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: |
$3,950,000 |
| Unit Price: |
$223.81 PSF |
| Property Use Type: |
Investment |
| Building Name: |
Ruccio Pavilion |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
7.74% |
| Last Updated: |
9/10/2020 |
Overview / Comments
Investment opportunity available: Ruccio Pavilion, a +/-17,649 SF shadow retail center 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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