Gas Station with Car
1001-1007 Elizabeth Street, Nicholasville, KY 40356
For Sale
$2,299,000
Commercial Sale, Nicholasville, KY
Property Size8,576 SF
Lot Size2.50 Acres
Price / SF$268.07
Days on Market284
Property Features for 1001-1007 Elizabeth Street
General Information
Property type
Property subtype
Zoning description
Parking
Subdivision
Directions
Standard status
APN
Size
Lot size
Utilities
Utilities
Sewer type
Amenities
Marquee Billboard
Building Details
Year built
Building materials
Roof type
Listing Agency:
Bluegrass Sotheby's International Realty
(859) 268-0099
Listed By:
Dan Elkinson
(859) 363-6175
Added: Feb 2
Changed: Oct 2
Last Checked: Nov 12 at 8:06AM
MLS# 26002019
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 8,576-square-foot commercial property combines a gas station, convenience store, two restaurant areas, and an additional building used for auto detailing. The site includes a car wash, new membrane roofing on the main and car wash buildings, branded dispenser and canopy-trim upgrades, and new underground fuel piping and system. Most HVAC, refrigeration, and cooling equipment has been replaced within the past 2 years.
Positioned on US 27 at a signalized intersection, the property occupies 2.5 acres in Nicholasville. One restaurant is currently under lease, while two additional interior spaces may accommodate uses such as a small gaming room, check-cashing operation, or food concept. A Marquee Billboard is also included, along with a fuel incentive and branding contract for the next owner. The property was built in 1996 and is served by public sewer.
Positioned on US 27 at a signalized intersection, the property occupies 2.5 acres in Nicholasville. One restaurant is currently under lease, while two additional interior spaces may accommodate uses such as a small gaming room, check-cashing operation, or food concept. A Marquee Billboard is also included, along with a fuel incentive and branding contract for the next owner. The property was built in 1996 and is served by public sewer.
Key Highlights
- 8,576‑square‑foot gas station and convenience store property
- 2.5‑acre site on US 27 at a signalized intersection
- Includes car wash, two restaurants, and an auto detailing building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,322
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,906,440
$1.9M
Cap Rate 7%
$1,361,743
$1.4M
Cap Rate 9%
$1,059,133
$1.1M
Market Conditions
NOI Build-Up for 8,576 SF
Gross rent
$133.8K $15.60/SF
− Vacancy
−$6.7K −$0.78/SF
EGI
$127.1K $14.82/SF
− OpEx
−$31.8K −$3.70/SF
NOI
$95.3K $11.11/SF
Area
Jessamine County, KY
Vacancy
5.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,906,440
Cap Rate 7%
$1,361,743
Cap Rate 9%
$1,059,133
Alternative Uses
Best Use
Specialty Retail
$1.36M
$1.19M – $1.59M
NOI $95,322 @ 7.0% cap · market cap 4.15%
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.
How Realmo checks its estimates
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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
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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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Gas station - Gas station and convenience store property with restaurant space, auto detailing use, and signalized US 27 access.
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: 8,576‑square‑foot gas station and convenience store property; 2.5‑acre site on US 27 at a signalized intersection; Includes car wash, two restaurants, and an auto detailing building
