1951 N Broadway Lexington, KY 40505
COMMERCIAL - Lexington, KY
Type:Retail
Property size:
2,600 SFLot size:
1.30 AcresPrice / SF:
$450/SF- Added:
- Jan 23, 2024
- Days on Market:
- 829
- Last Refresh:
- May 1 at 7:06 am
Property Features for 1951 N Broadway
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Standard status
- Active
- APN
- 13895950
- Size
- 2,600 SF
- Lot size
- 1.30 Acres
Building Details
- Year built
- 1968
Listing agent Gregory Leveridge License #215416 (859) 421-8959
Listing office Block + Lot Real Estate 133 W Short St, Lexington, KY (859) 309-0099
Listing date Jan 23, 2024
MLS# 24001239
Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
Prime Retail Land with Income
This property features 1.3 acres of flat, retail land located off N. Broadway in Lexington, Kentucky. It is situated near Interstates 75 and 64, approximately 0.8 miles from Downtown Lexington. The site includes a 2,600 square foot former restaurant, currently leased until September 31, 2028, to a home delivery meal service under a NNN lease. The back portion of the property is leased to a food truck on a month-to-month agreement. The total annual income is $55,200, with yearly increases. The landlord is responsible for the roof and structure, 40% of the property tax bill, and maintaining the parking lot area leased to food trucks. The existing restaurant is fully equipped and in excellent condition, featuring recent improvements. The property is conducive to redevelopment or continued use as is, presenting an opportunity for a future owner occupant, developer, or investor seeking value-add potential. Immediately surrounding the site are a Shell gas station, a Marathon gas station, and a Days Inn and Suites.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Fayette
- State
- Kentucky
- Longitude
- -84.459268
- Latitude
- 38.074909
Nearby Similar for Sale
FAQs
What type of property is this?
Restaurant - 1.3 acres of retail land near downtown Lexington.
Where is this restaurant located?
The property is located at 1951 N Broadway Lexington, KY.
What is the asking price?
The asking price for this property is $1,170,000.
What are key features of this property?
This property features: 1.3 acres of flat, retail land with redevelopment potential.; Excellent location: off N. Broadway, near I‑75/64, and 0.8 miles from Downtown Lexington.; Current income of $55,200/year with annual increases from existing tenants.
