1951 BroadwayLexington, KY 40505

This exceptional commercial property, located at 1951 N Broadway in Lexington, Kentucky, presents a unique investment opportunity. The property encompasses a 2,600 square foot restaurant building situated on a generous 1.3-acre lot. Built in 1968, the restaurant boasts recent improvements and is in excellent condition, ready for immediate occupancy. A fully equipped kitchen is included, making this an ideal second-generation restaurant space. The property is zoned B-5P (Interchange Business), allowing for a variety of retail uses, including restaurants, convenience stores, hospitality businesses, and gas/automotive service stations. Its strategic location just off Interstates 75/64 and less than a mile from downtown Lexington ensures high visibility and accessibility. The high traffic count of approximately 26,600 cars per day on N. Broadway further enhances its commercial potential. Nearby businesses include a Shell gas station, Marathon gas station, and a Days Inn and Suites. The property's 1.3-acre lot offers significant redevelopment potential. The asking price is $1,375,000, with a price per square foot of $528.85. The property also offers a lease option at $23.50 per square foot per year plus NNN. The parcel number is 13895950. This property is an excellent opportunity for investors seeking a high-traffic location with diverse development possibilities. The recent purchase of the former Transylvania University Baseball fields for an affordable housing development nearby further enhances the long-term prospects of this location.