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1019 - 1047 Industry Road - Eastview Plaza, Lexington, KY

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1019 - 1047 Industry Road - Eastview Plaza

Lexington, KY 40505 - East Lexington/Fayette Submarket

Property Type:Retail Sub Type:- Status:Existing Year Built:1981
Building Size:18,000 SF Land Area:10.28 AC (447,797 SF)
For Sale Price:$1,075,000 Price/SF:$59.72
Cap Rate:-
Parking:Free Surface spaces are available; Ratio of 3.33/1,000 SF
Features:Freeway Visibility, Pylon Sign

Sale Notes:
The tenancy of Eastview Plaza is made up of 8 local tenants. No single unit comprises over 2,400 sf, therefore the loss of a single unit would not significantly impact the center in the manner of losing a unit that comprises fifty (50%) percent or more of a shopping center. Most of the leases are slightly below market and makes replacing tenants with at least the same rent very likely. An attractive southeast Lexington commercial property with very reasonable rent structure should allow Eastview Plaza to continue to be an outstanding investment for the new owner.
Lexington is the heart of Central Kentucky' s Bluegrass Region, located at the crossroads of Interstates 75 (north & south) and 64 (east & west), it is just 74 miles east of Louisville & 81 miles south of Cincinnati, Ohio. Within this Golden Triangle lies the majority of Kentucky' s total personal income & total population. Most of the employment for surrounding counties is found in Lexington, increasing the traffic to twice its population on any given day. Part of Lexington' s unmatched charm is the close proximity of the area' s rural surroundings to the metropolitan conveniences of a dynamic city.

NAI Isaac
Chad Voelkert
(859) 422-4408 x119

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