DRIVE - THRU Restaurant - Lexington, KY

Retail-Commercial for Sale
Catylist Listing ID: 30762089
Property Subtypes: Free-Standing Building, Restaurant, Retail-Pad
Building Size (RSF): 2,600 SF
Gross Building Area: See Agent
Sale Price: $695,000
Unit Price: $267.31 PSF
Is Quick-Service Restaurant? Yes
Has Drive-Thru? Yes
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/19/2022

Overview / Comments

We are please to present this recently renovated, free-standing Quick Service Restaurant in North Lexington.

Property that was recently a Fazoli's for over 20 years is situated directly off 1-64 and I-75. Located on the northern retail corridor of Lexington, inheriting a plethora of traffic from commuters and residents of the area alike. With it's strategic location, it would be apt to be another quick service restaurant, car wash, gas station, motel, etc. The property underwent extensive remodeling in 2017-2018 and does have kitchen equipment included. This property is being sold "AS-IS."

HIGHLIGHTS:
Recently Renovated Quick Service Restaurant WITH EQUIPMENT
Drive-thru
2,600 SF
Zoned B-5P
Large 1.25 acre lot
23,000+ Vehicles per day

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Tax ID/APN: 13895950
Zoning: B-5P
Retail Clientele: General, Business, Traveler, Tourist, Convention
Property Located Between: N Broadway & I-75 / I-64
Property Visibility: Excellent
Largest Nearby Street: Interstate 75
Traffic/Vehicle Count: 23,000
Area Description: Lexington, Kentucky has been rated as one of America's premier cities by some of the most noted and revered industry standard-bearers, such as Forbes magazine, the U.S. Census Bureau, Cognetics consulting group, Dun & Bradstreet, Ladies Home Journal, and Places Rated Almanac - just to name a few. Most people think of rolling countryside with stone fences, great basketball action, horse farms, Thoroughbred racing at Keeneland, a diverse economy, and outstanding schools, colleges and universities. Our community ranks high in quality of life factors, such as health care, public safety, educational attainment, and quality family living. The area also measures high among the best places for business location, creativity, entrepreneurial growth, and career relocation. Residents of competing cities view Lexington as a beautiful place, with great schools, an innovative health care system, a strong economy, and mountains of potential.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,600 SF
Property Condition: Good
Year Built: 1968
Year Renovated: 2020

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,592 67,238 164,129
Median Age: 41.27 35.45 34.84
Households: 3,825 28,475 69,302
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