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.

Attachments & Media

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

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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

Contact

Photograph of Listing Agent

Jim Holbrook

NAI Isaac KCREA Member
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