102-112 W Short St - Commercial LAND FOR SALE


Lexington, KY 40507- Downtown Lexington5,663 SF
$1,200,000 USD
859-421-8959
102-112 W Short St, Lexington, KY for Sale
$1,200,000 USD
Commercial LAND - FOR SALE
1/9
5,663 SF

102-112 W Short St
Lexington, KY 40507
Downtown Lexington


HIGHLIGHTS

  • NOI of $72,000 with value add potential through increased rents, contact agent for financial and lease detail
  • 15 Parking Spaces
  • Opportunity to maintain stabilized parking income or to redevelop the site
  • Landlord beneficial Lease structure (NNN)
  • Loan Assumption possibility at 3.85% through 2030

OVERVIEW

Block + Lot is pleased to present this rarely available, high barrier for entry offering in the heart of downtown Lexington. This prime location serves as parking for the surrounding retail and office that serve downtown Lexington. Stabilized income, NNN Lease structure with BG Parking Partners LLC strong credit serve this offering through December 31, 2028, As well, the Owner enjoys the option to terminate with 30 days notice to Tenant, lending flexibility to buyer as opportunity for new owner to lease to a similar/different professional parking business or redevelop the site at buyer discretion. Buyer agent fee not included in offered price. Located in theDesignated Opportunity Zone for Lexington, Kentucky Heart of Downtown Lexington, surrounded by retail, office, and residential Rarely available purchase opportunity with beneficial Lease structure to Landlord and multitude of possibilities for new owner

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/ACRE

$9,230,443/AC

PRICE/SF

$212 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Parking Lot

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Parking Lot

LAND ACRES

0.13 AC

LAND SF

5,663 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

B-2B-DOWNT

APN/PARCEL ID

11796000,13862150,16311300

ASK ABOUT THIS PROPERTY

Greg LeveridgeBlock + Lot Real EstateMore Info
859-421-8959

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Greg LeveridgeBlock + Lot Real EstateMore Info
859-421-8959

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.