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 144
SQ Feet 28,352
Story(s) 2
Zoning B-1
Listing Provided By:
Robert Gabbert  of  The Gibson Company
 
 
this listing $1,300,000
597.99%
$186,250 in 40503
this listing 28,352 SqFt
1,459.09%
1,819 SqFt in 40503
this listing $46 $/SqFt
55.34%
$103 $/SqFt in 40503
this listing 144 on site
4.00%
150 on site in 40503

Location

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

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