1011 S. Broadway

Retail-Commercial for Sale
Also listed as Office, Vacant Land
Catylist Listing ID: 30647384
Property Subtypes: Free-Standing Building
Building Size (RSF): 3,602 SF
Gross Building Area: See Agent
Gross Land Area: 0.44 Acres
Sale Price: $750,000
Unit Price: $208.22 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/3/2020

Overview / Comments

3,602 SF (per PVA) free-standing building on 0.44 acres (per PVA) zoned B-1 (Neighborhood Business) located on a hard signalized corner available for sale, lease, ground lease or build to suit. Constructed in 2000, the existing building contains a reception area, conference room, two individual office, three large open work/high density rooms, break area, two ADA restrooms, 400 SF unfinished basement, gas/electric HVAC (3 units), pitched shingle roof, and in place security system. The property is bordered by horse fencing, has appx. 20 existing parking spaces, existing pylon sign and building signage on three sides, and comes with a Lamar Billboard Lease for additional income.

Property Highlights:
-Hard Signalized Corner
-36,462 Traffic Count
-Lamar Billboard Lease
-Existing Pylon Sign
-Flexible Zoning
-For Sale, Lease, Ground Lease, or BTS

Attachments & Media

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Tax ID/APN: 11125100
Zoning: B-1
Traffic/Vehicle Count: 36,462
Area Description: Located on the hard signalized corner of S. Broadway and Red Mile Road, 1011 S. Broadway has two points of ingress/egress from S. Broadway and neighboring Uhlan Court and a traffic count of 36,462 on S. Broadway and 12,684 on Red Mile Road. The property provides an outstanding location inside of New Circle Road in close proximity to downtown, University of Kentucky’s campus, thousands of student beds, all of Lexington’s main healthcare systems, retail, restaurants, and much more. The S. Broadway corridor is experiencing rapid growth and redevelopment.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2000
Exterior Description: appx. 20 spaces
Total Parking Spaces: 20
Zoning Description: Neighborhood Business

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 23,763 119,144 248,111
Median Age: 26.35 35.89 35.21
Households: 8,552 50,201 105,308

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