1701 Alexandria Dr - Retail FOR SALE


Lexington, KY 40504- West Lexington
$6,500,000 USD
859-264-0888
1701 Alexandria Dr, Lexington, KY for Sale
$6,500,000 USD
Retail - FOR SALE
1/21
null | 8.06% Cap Rate

1701 Alexandria Dr
Lexington, KY 40504
West Lexington


HIGHLIGHTS

  • First Time on Market!
  • Stable 100% Occupancy with National Credit Tenants (Dollar General, USPS, Oak St. Health, Chase Bank)
  • Strong 8.06% cap rate with below market rents.
  • Strategically located neighborhood shopping center with over 10,000 households in a 1.5 mile radius (Avg. HHI: $88,295)

OVERVIEW

SVN Stone Commercial Real Estate is pleased to present Gardenside Plaza, a well-established neighborhood shopping center located off Alexandria Drive in Lexington, Kentucky. This investment opportunity is home to a diverse mix of local and regional tenants, serving the surrounding residential neighborhoods with daily needs and services. The center features strong occupancy, steady foot traffic, and ample parking, making it a reliable income-producing asset. With its infill location in a densely populated area and proximity to major thoroughfares, Gardenside Plaza offers investors a stable, low-maintenance property with long-term value and growth potential.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$547 USD /SF

CAP RATE

8.06%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gardenside Plaza Shopping Center

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

7.96 AC

LAND SF

346,738 SF

ZONING

B-1

APN/PARCEL ID

15053300

ASK ABOUT THIS PROPERTY

Weston LockhartSVN | Stone Commercial Real EstateMore Info
859-264-0888

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Weston LockhartSVN | Stone Commercial Real EstateMore Info
859-264-0888

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