1951-North Broadway Lexington, KY $ 1,500,000
1951-North Broadway
$ 1,500,000
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1951-North Broadway

Lexington, KY, 40505
$ 1,500,000
Baths0.0 Sq 2,600

Monthly Estimate*

$ 9,969

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Studio

Commercial Property for sale in Lexington, KY

for $1,500,000. This 2,600 square foot building was built in 1968 on a lot size of 1.3.

Block+Lot is excited to offer 1.3 acres of flat, retail land off of N. Broadway for lease or for sale. The property is conveniently located just off Interstates 75/64 and only 0.8 miles from Downtown Lexington, and is conducive to redevelopment or to be used as is. The 2,600 SF restaurant is available for lease and with many recent improvements is in excellent condition, ready for a new restaurant to take over as second generation restaurant space. All fully-equipped kitchen equipment is included. Immediately surrounding the site is a Shell gas station, Marathon gas station, and Days Inn and Suites. There are approximately 26,600 avg. cars/day on N. Broadway.The property is zoned B-5P (Interchange Business) making it ideal for many retail uses including restaurants and convenience stores, hospitality, and gas/automotive service stations.The former Transylvania University Baseball fields were recently purchased, and upon approval, will be transformed into an affordable housing development featuring homes, apartments, and possibly townhomes on the 12.5-acre property. Learn more: https://amp.kentucky.com/news/local/counties/fayette-county/article286728455.html.

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Commercial Active

Price

$ 1,500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Restaurant,Retail

Lot Size

1.3

Year Built

1968

Town/City

Lexington

County/Region

Fayette

MLS | Web ID

24001239

Features
General
Year Built 1968
Subdivision Commercial
County Fayette
Tax Rate 1.2643
Business Type Restaurant Retail
Property Type C
Area 001 - Fayette County NW
Terms Sale
Directions Located on N Broadway right next to Haggard Lane and the interstate interchange.
City Lexington
Street Name Broadway
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Exterior
Number of Buildings 1
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* Excluded Features
List By
Block + Lot Real Estate

Broker

greg@balrealestate.com

Email

Affordability Calculator

$9,969
Per Month
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0%
0%
Monthly Principal & Interest
$9,969
Monthly Property Taxes
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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
458656 Elementary School
458772 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/23/2024$1,500,000 Listed Price

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1951-North Broadway, Lexington, KY, 40505 is a Commercial Property for sale at $1,500,000 with 2,600 sqft and a lot size of 1.3. 1951-North Broadway is a studio with 0.0 baths and was built in 1968. The property's zip code is 40505 which is in Lexington, KY