Property summary
This exceptional property at 132 Southland Drive in Lexington, Kentucky, offers a unique blend of retail and office space, currently undergoing a complete renovation. Located in the vibrant Southland neighborhood, this building enjoys excellent visibility and accessibility due to its proximity to Nicholasville Road. The renovation will significantly enhance both the exterior and interior aesthetics, attracting a diverse clientele. The flexible floor plan allows for various business configurations, catering to both retail and traditional office needs. Five individual spaces are available, ranging in size from a minimum of 1,200 square feet to a maximum of 6,000 square feet, spread across the first and second floors. The asking rate is $2,400 per month on a modified gross lease. This prime location within a thriving community presents a compelling opportunity for businesses seeking high visibility and convenient access. The property is situated in Fayette County, Kentucky, with a zip code of 40503. The building's updated design will increase visibility and attract a wide range of customers, making it an ideal location for a variety of businesses. This is a multi-tenant property offering a range of unit sizes to suit various business needs.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store Alternative Medicine Practice
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(Bike/Boat/Book/etc) Store
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Association Or Organization
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Physician
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Tattoo & Piercing Shop
Location
Value estimations
Owner & transaction history
Zoning & alternative use
2. The principal permitted uses of the P-1 and B-1 zones, except as specifically prohibited hereinbelow. (c) Accessory Uses. The following shall be considered accessory uses in the MU-1 zone: 1. The accessory uses permit…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B-1 · Lexington, KY2. The principal permitted uses of the P-1 and B-1 zones, except as specifically prohibited hereinbelow. (c) Accessory Uses. The following shall be considered accessory uses in the MU-1 zone: 1. The accessory uses permit…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
2. The principal permitted uses of the P-1 and B-1 zones, except as specifically prohibited hereinbelow. (c) Accessory Uses. The following shall be considered accessory uses in the MU-1 zone: 1. The accessory uses permit…
What can be built and operated here — officially.
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