671 N Broadway - Freestanding FOR SALE


Lexington, KY 40508- Coolavin Park
$1,270,000 USD
859-224-8833
671 N Broadway, Lexington, KY for Sale
$1,270,000 USD
Freestanding - FOR SALE
1/5
null | Request Cap Rate

671 N Broadway
Lexington, KY 40508
Coolavin Park


HIGHLIGHTS

  • Features a 3,596 square foot building
  • Zoned B-1
  • Situated on a hard corner
  • Occupies approximately 0.58 acres
  • Generates month-to-month income from the current tenant
  • Exposed to a traffic count of 19,000 vehicles per day

OVERVIEW

This offering consists of three contiguous parcels located at 669 & 671 N. Broadway and 404 Delcamp Drive in Lexington, Kentucky. Positioned on a hard-corner intersection along North Broadway, the property benefits from approximately 19,000 vehicles per day and includes an existing 3,596-square-foot building situated on approximately ±0.58 acres. The site is zoned B-1 and is currently generating month-to-month tenant income, providing interim cash flow while preserving flexibility for future ownership plans. The property's location places it approximately one mile from Downtown Lexington and approximately two miles from the Interstate 64 and Interstate 75 corridor, providing convenient connectivity throughout the Lexington metropolitan area and regional transportation network. The surrounding area includes established residential neighborhoods, neighborhood-serving retail, commercial businesses, and community amenities that contribute to ongoing consumer activity and visibility. The combination of corner positioning, existing improvements, B-1 zoning, and multiple parcel configuration presents potential value for investors, owner-users, or redevelopment-oriented buyers seeking a well-located urban infill opportunity. Existing traffic exposure, accessibility, and proximity to downtown support a variety of commercial uses permitted under current zoning. The property's current income stream, coupled with its redevelopment potential, allows buyers to evaluate multiple strategies based on their investment objectives and long-term plans.

FOR SALE DETAILS

PRICE

$1,270,000 USD

PRICE/SF

$353 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

CROSS STREETS

Morrison Ave

LAND ACRES

0.58 AC

LAND SF

25,265 SF

ZONING

B-1

APN/PARCEL ID

10190000,13400800,13401000

ASK ABOUT THIS PROPERTY

James PowellThe Gibson CompanyMore Info
859-224-8833

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James PowellThe Gibson CompanyMore Info
859-224-8833

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