B-1 Zoned Motel
3041 Elizabeth Street Nicholasville, KY 40356
New
3041 Elizabeth Street, Nicholasville, KY, 40356
$750,000
Pending
For Sale
$750,000
Pending
COMMERCIAL - Nicholasville, KY
Property Size10,080 SF
Lot Size0.80 Acres
Days on Market2
Property Features for 3041 Elizabeth Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B-1
- Parking
- 55
- Basement
- Crawl Space
- Standard status
- Pending
- APN
- 056-00-00-005.34
- Size
- 10,080 SF
- Lot size
- 0.80 Acres
Utilities
- Utilities
- Phone Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Electric
Building Details
- Year built
- 2004
- Floors in Building
- 1
- Roof type
- Metal
Listing Agency
Lifstyl Real Estate
(859) 278-7501
114 Pasadena Drive, Lexington, KY
Listed by
Kyle Bonner B Latimer
(615) 497-2977
Added: Jul 17 Checked: Jul 18 at 4:06 am
MLS# 26018952
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.
Investment Insights
Based on property information with market context.
This for-sale motel property is situated on a 0.8-acre lot with a total building size of 10,080 square feet. The property is classified under zoning B-1.
The address is 3041 Elizabeth Street, Nicholasville, KY 40356, in Jessamine County.
The address is 3041 Elizabeth Street, Nicholasville, KY 40356, in Jessamine County.
Key Highlights
- Built in 2004
- Electric heating
- Electric cooling
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $145.2k | $14.40 |
| − Vacancy | −$36.3k | −$3.60 |
| EGI | $108.9k | $10.80 |
| − OpEx | −$57.2k | −$5.67 |
| NOI | $51.7k | $5.13 |
10,080 SF · lease $14.40/SF/yr · vacancy 25.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$738.7K
$646.4K – $861.8K
NOI $51,710 @ 7.0% cap · market cap 6.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.55M
$2.24M – $2.98M
NOI $178,827 @ 7.0% cap · market cap 23.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Nana's Play & Learn ...
Daycare Center
Granny Ruby's Daycare ...
Daycare Center
Similar For Sale Nearby
Similar Off Market Nearby
- Derby Inn And Suites — 2149 Lexington Rd, Nicholasville, KY 40356
- Bluegrass Hall — 3000 Elizabeth St, Nicholasville, KY 40356
FAQs
What type of property is this?
Motel - For sale motel property located at 3041 Elizabeth Street in B-1 zoning.
Where is this motel located?
The property is located at 3041 Elizabeth Street Nicholasville, KY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Built in 2004; Electric heating; Electric cooling
