For Sale | Eastview Plaza | Lexington, KY

Retail-Commercial for Sale
Catylist Listing ID: 30770384
Property Subtypes: Street Retail
Building Size (RSF): 18,000 SF
Gross Land Area: 1.03 Acres
Sale Price: $1,095,000
Unit Price: $60.83 PSF
Property Use Type: Investment
Building Name: Eastview Plaza
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 11/29/2021

Overview / Comments

The tenancy of Eastview Plaza is made up of 7 local tenants. No single unit comprises over 2,400 SF, therefore the loss of a single unit would not significantly impact the center in the manner of losing a unit that comprises fifty (50%) percent or more of a shopping center. Most of the leases are slightly below market and makes replacing tenants with at least the same rent very likely. An attractive southeast Lexington commercial property with very reasonable rent structure should allow Eastview Plaza to continue to be an outstanding investment for the new owner.

Attachments & Media

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Tax ID/APN: 11828654
Zoning: COMMERCIAL
Airports: Blue Grass Airport
Site Description: Eastview Plaza is located just off Winchester Road on Industry Drive near New Circle Road giving this location excellent access to all parts of Lexington as well as Interstate 64/75.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,465 108,391 227,284
Median Age: 38.8 35.2 34.58
Households: 6,397 46,497 97,024

Contact

Photograph of Listing Agent

Chad Voelkert

NAI Isaac KCREA Member
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