Commercial Land With Existing
For Sale
$1,170,000
1951 N Broadway, Lexington, KY 40505
COMMERCIAL - Lexington, KY
Property Size2,600 SF
Lot Size1.30 Acres
Price / SF$450
Days on Market942
Property Features for 1951 N Broadway
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
B-5P
Subdivision
Commercial
Directions
Located on N Broadway right next to Haggard Lane and the interstate interchange.
Standard status
Active
APN
13895950
Size
2,600 SF
Lot size
1.30 Acres
Building Details
Year built
1968
Listing Agency:
Block + Lot Homes
(859) 309-0099
Listed By:
Gregory Leveridge · License #215416
(859) 421-8959
Added: Jan 23, 2024
Changed: Aug 4
Last Checked: Aug 22 at 7:06AM
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.
Investment Insights
Based on property information with market context.
This 1.3-acre flat commercial property includes a 2,600-square-foot former restaurant building constructed in 1968. The existing improvement has received recent upgrades, remains in excellent condition, and is fully equipped. The site also includes a rear area occupied by a food truck under a month-to-month agreement.
The property is located at 1951 N Broadway in Lexington, approximately 0.8 miles from Downtown Lexington and just off Interstates 75/64. Nearby businesses include Shell and Marathon gas stations and Days Inn and Suites. The restaurant building is leased under an NNN structure to a home delivery meal service, while the food truck occupies the rear portion. Landlord responsibilities include the roof, structure, 40% of the property tax bill, and maintenance of the parking area used by food trucks.
The property is located at 1951 N Broadway in Lexington, approximately 0.8 miles from Downtown Lexington and just off Interstates 75/64. Nearby businesses include Shell and Marathon gas stations and Days Inn and Suites. The restaurant building is leased under an NNN structure to a home delivery meal service, while the food truck occupies the rear portion. Landlord responsibilities include the roof, structure, 40% of the property tax bill, and maintenance of the parking area used by food trucks.
Key Highlights
- 1.3‑acre flat commercial land site
- Existing 2,600 SF restaurant building constructed in 1968
- NNN lease to a home delivery meal service
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
156
Businesses Nearby
74k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 88%
Dining 8%
Hotels & Casinos 4%
Speedway
Shops & Services
20,763 visits/mo
0.5 miles
Marathon Petroleum
Shops & Services
18,316 visits/mo
0.1 miles
Caseys
Shops & Services
9,057 visits/mo
0.1 miles
BP
Shops & Services
8,891 visits/mo
0.2 miles
Dollar General
Shops & Services
7,871 visits/mo
0.3 miles
Demographics for 40505, KY
26,278
Population
12,026
Households
2.2
Avg Household Size
39
Median Age
23%
College-Educated
86%
High-School Grad
8.0 sq mi
ZIP Area
3,285
Density / Sq Mi
$58,922
Median Household Income
$33,517
Median Earnings
$914
Median Rent
$166,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Flat commercial site with an operating restaurant building, existing tenancies, and convenient access to major Lexington routes.
Where is this commercial land 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‑acre flat commercial land site; Existing 2,600 SF restaurant building constructed in 1968; NNN lease to a home delivery meal service
