Coldwell Banker McMahan

Rare Investment Opportunity under market value with room to increase rent. This 28,352 SF building sits on 2.91 acres of desirable land in the Malabu/Nicholasville Road area. It currently cash flows with only 50% occupancy. Also potential to redevelop into a hotel or many other uses as it is zoned B-1.

  • MLS# 1816806
  • Sub-Type Resale
  • Status Active
  • Year 0
  • Days On Site 86
SQ Feet 28,352
Story(s) 2
Zoning B-1
Listing Provided By:
Robert Gabbert  of  The Gibson Company
 
 
this listing $1,300,000
602.70%
$185,000 in 40503
this listing 28,352 SqFt
1,740.44%
1,541 SqFt in 40503
this listing $46 $/SqFt
63.00%
$124 $/SqFt in 40503
this listing 86 on site
132.43%
37 on site in 40503

Location

State KY
County Fayette
City Lexington
Zip Code 40503
Area Fayette County SE 3

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