For Sale | Freestanding Retail Building | Nicholasville, KY
Retail-Commercial
for Sale
| Catylist Listing ID: |
30468062 |
| Property Subtypes: |
Free-Standing Building, Street Retail
|
| Building Size (RSF): |
30,667 SF
|
| Gross Land Area: |
2.40 Acres
|
| Sale Price: |
$3,790,000 |
| Unit Price: |
$123.59 PSF |
| Property Use Type: |
Vacant/Owner-User |
| Usable Size (USF): |
30,667 SF |
| Sale Terms: |
Cash to Seller, Sale/Leaseback |
| Cap Rate: |
Undisclosed |
| Last Updated: |
9/10/2020 |
Overview / Comments
+/-30,667 SF freestanding building (+/-20,667 SF footprint with a +/-10,000 SF mezzanine) on +/-2.4 acres for sale within the Brannon Crossing development. Brannon Crossing is on Highway US 27 just one mile south of Man O' War Boulevard, the 100+ acre development is strategically located on Lexington's and Nicholasville's busiest roadway. This development attracts customers from Lexington, Nicholasville, and surrounding counties as a destination for dining, shopping and entertainment. Major draws for the center include one of the largest Kroger supermarkets, Hobby Lobby, Petsmart, HomeGoods, Marshalls and various restaurants and retailers.
Nicholasville offers an outstanding location bordering the Fayette County line. In this section of Nicholasville Road south of the Fayette County line to the Nicholasville CBD is viewed as a more cost effective location for businesses that need to service and stay close to Lexington. Commercial development along this section of Nicholasville Road includes three light industrial parks, numerous auto dealerships, churches, golf courses and highway oriented retail businesses. Brannon Crossing is the retail development on Nicholasville Road located closest to Fayette County. Recent road construction extends East Brannon Road to Tates Creek Road which will increase access to Brannon for more areas of south Lexington.
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Additional Details
| Nearest MSA: |
Lexington-Fayette |
| County: |
Jessamine |
| Tax ID/APN: |
067-00-00-001.11 |
| Zoning: |
B-2, HIGHWAY BUSINESS |
| Retail Clientele: |
General, Business |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
US Highway 27 |
| Airports: |
Bluegrass Airport |
| Area Description: |
Brannon Crossing is located on Nicholasville Road (US 27) in Jessamine County just south of the Fayette County line. US 27 is a primary traffic artery (56,100 AADT) in Central KY connecting Lexington with Nicholasville and other communities to the south. For the past several decades, a large portion of Lexington’s residential growth has been focused on the south side and Nicholasville has experienced commercial growth northward. Nicholasville Road in Fayette County from Man O’ War Boulevard north to Southland Drive is Lexington’s busiest regional retail corridor with 74,921 AADT in front of Fayette Mall. |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Property Condition: |
Excellent |
| Total Parking Spaces: |
68 |
| Parking Type: |
Surface |
| Part of Planned Development?: |
Yes |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
2,289 |
70,022 |
154,999 |
| Median Age: |
37.11 |
36.18 |
36.87 |
| Households: |
775 |
29,609 |
66,062 |
|
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