Gas Station with
For Sale
$2,299,000
1001-1007 Elizabeth Street, Nicholasville, KY 40356
Fuel service is complemented by convenience retail, restaurant space, and auto detailing.
Property Size8,576 SF
Price / SF$268.07
Days on Market266
Property Features for 1001-1007 Elizabeth Street
General Information
Standard status
Active
Size
8,576 SF
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Automotive
Automotive Uses
fuel station, detailing, car wash
Convenience Store
Yes
Fuel Supply Obligation
Yes
Additional Details
Tenant in Place
Yes
Amenities
Marquee Billboard
Building Details
Building Size
8,576 SF
Year Built
1996
Listing Agency:
Bluegrass Sotheby's International Realty
Listed By:
Dan Elkinson
(859) 363-6175
Source:
Horseandhomeestates
Added: Feb 2
Changed: Oct 26
Last Checked: Oct 26 at 4:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bluegrass Sotheby's International Realty
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Investment Insights
Based on property information with market context.
The 8,576-square-foot property brings together a gas station, convenience store, two restaurants, and a separate building used for auto detailing. One restaurant is under lease. A carwash building is also part of the property. Improvements include a new roof on the main building and carwash building, branded fuel dispensers with updated canopy trim, and a new underground fuel piping and system. Most HVAC, refrigeration, and cooling units were replaced within the past two years.
The property is positioned on US 27 at a signalized intersection. Additional features include a marquee billboard and two interior spaces within the main building. A fuel incentive and branding contract is included for the next owner.
The property is positioned on US 27 at a signalized intersection. Additional features include a marquee billboard and two interior spaces within the main building. A fuel incentive and branding contract is included for the next owner.
Key Highlights
- Gas station, convenience store, two restaurants, and auto‑detailing building
- 8,576 square feet; built in 1996
- Located on US 27 at a signalized intersection
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,821
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,996,420
$2.0M
Cap Rate 7%
$1,426,014
$1.4M
Cap Rate 9%
$1,109,122
$1.1M
Market Conditions
NOI Build-Up for 8,576 SF
Gross rent
$141.0K $16.44/SF
− Vacancy
−$7.9K −$0.92/SF
EGI
$133.1K $15.52/SF
− OpEx
−$33.3K −$3.88/SF
NOI
$99.8K $11.64/SF
Area
Jessamine County, KY
Vacancy
5.60%
Lease Rate
$16.44 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,996,420
Cap Rate 7%
$1,426,014
Cap Rate 9%
$1,109,122
Alternative Uses
Best Use
Specialty Retail
$1.43M
$1.25M – $1.66M
NOI $99,821 @ 7.0% cap · market cap 4.34%
Second Best
Retail
$1.17M
$1.02M – $1.36M
NOI $81,605 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$2.17M
$1.90M – $2.54M
NOI $152,145 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
172
Businesses Nearby
Explore this area
Business Placement
Demographics for 40356, KY
44,381
Population
17,934
Households
2.5
Avg Household Size
39
Median Age
31%
College-Educated
90%
High-School Grad
139.5 sq mi
ZIP Area
318
Density / Sq Mi
$75,264
Median Household Income
$41,427
Median Earnings
$1,020
Median Rent
$246,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Gas station - Fuel service is complemented by convenience retail, restaurant space, and auto detailing.
Where is this gas station located?
The property is located at 1001-1007 Elizabeth Street Nicholasville, KY.
What is the asking price?
The asking price for this property is $2,299,000.
What are key features of this property?
This property features: Gas station, convenience store, two restaurants, and auto‑detailing building; 8,576 square feet; built in 1996; Located on US 27 at a signalized intersection
