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Renovated Gas Station Property
For Lease
$12,000/Mo

1001-1007 Elizabeth Street, Nicholasville, KY 40356

COMMERCIAL - Nicholasville, KY

Space SizeContact for details
Lot Size2.50 Acres
Days on Market130

Property Features for 1001-1007 Elizabeth Street

General Information

Property type Commercial Lease
Property subtype Other
Zoning description B-1
Parking 20
Subdivision Commercial
Directions Outbound (South) from Lexington on US 27. Property on Right at Elizabeth St., Nicholasville.
Standard status Active
APN 056-00-00-005
Size 8,576 SF
Lot size 2.50 Acres

Utilities

Utilities Phone Available
Sewer type Public Sewer

Building Details

Year built 1996
Listing Agency: Bluegrass Sotheby's International Realty
Listed By: Dan Elkinson
Added: Apr 9 Changed: Aug 4 Last Checked: Aug 16 at 2:06AM
MLS# 26007433

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 8,576-square-foot gas station property occupies 2.5 acres and combines a convenience store, fueling facilities, two restaurant spaces, and a separate building used for car wash and auto-detailing operations. One restaurant is currently under lease. Recent improvements include a new roof across the main and car wash buildings, branded dispensers and canopy trim, underground fuel piping and system upgrades, and replacement of most HVAC, refrigeration, and cooling equipment within the past 2 years. Two additional interior spaces may accommodate uses such as a small gaming room, check-cashing operation, or food concept, subject to applicable requirements.

The property is located at 1001-1007 Elizabeth Street in Nicholasville, Kentucky, along US 27 at a signalized intersection. Public sewer is available, and the offering is structured as a master lease with an option to purchase. A marquee billboard and the additional interior spaces provide further income opportunities identified in the property information.

Key Highlights

  • 2.5‑acre gas station property with 8576 square feet of improvements
  • Located on US 27 at a signalized intersection
  • Includes convenience store, fueling facilities, and two restaurants

Property Analytics

Current Use

Gas stations

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Garden Center Furniture & Home Goods Bakery Veterinary Clinic Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type
$2.52 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

172
Businesses Nearby

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

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Gas station - Integrated fuel, convenience, restaurant, and vehicle-service uses support a flexible master-lease offering.
Where is this gas station located?
The property is located at 1001-1007 Elizabeth Street Nicholasville, KY.
What is the lease rate?
The lease rate is $12,000/Mo.
What are key features of this property?
This property features: 2.5‑acre gas station property with 8576 square feet of improvements; Located on US 27 at a signalized intersection; Includes convenience store, fueling facilities, and two restaurants
More about this property
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