1951 N Broadway Lexington, KY 40505

Building Details

Year built

1968

Listing agent Gregory Leveridge License #215416 Show Phone

Listing office Block + Lot Homes 133 W Short St, Lexington, KY Show Phone

Listing date Jan 23, 2024

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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.

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Investment Insights

Based on property information with market context.

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.

Key Highlights

• 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.

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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.