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    FOR SALE
    Drive through restaurants

    1951 N Broadway, Lexington, KY 40505

    2,600 SF 1.25 ac lot Built 1968
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US34-0601264
    Property summary
    AI-generated overview

    This exceptional 1.3-acre commercial property located at 1951 N Broadway in Lexington, KY, presents a unique investment opportunity. The property features a 2,600 square foot single-tenant building, currently vacant, built in 1968 and situated on a 1.3-acre lot. The building is a single-story structure with a B-5P (Interchange Business) zoning designation, allowing for a wide range of retail uses. The property boasts a prime location just off Interstates 75/64, providing excellent visibility and accessibility. Its proximity to downtown Lexington (0.8 miles) and high traffic volume (approximately 26,600 cars per day on N. Broadway) ensures significant potential for success. The existing building, a former restaurant, is in excellent condition and includes all fully-equipped kitchen equipment, making it ideal for a second-generation restaurant or similar use. The surrounding area includes established businesses such as Shell and Marathon gas stations, and a Days Inn and Suites, further enhancing the property's desirability. The property is also available for sale at $1,375,000. Nearby development plans, including the transformation of the former Transylvania University Baseball fields into an affordable housing development, promise increased foot traffic and community growth. This property is an excellent opportunity for investors seeking a high-traffic, versatile retail space in a rapidly developing area of Lexington. The APN is 13895950.

    Property profile
    Verified
    Property type Drive through restaurants
    Use group DRIVE-THRU RESTAURANT, FAST FOOD
    Year built 1968
    Total area 2,600 SF
    Lot 1.25 ac (54,276 SF)
    Zoning code B-5P
    APN 13895950
    UPID US34-0601264
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $826k
    Blend (final) Blend
    $830k
    Owner & transaction history
    Yans Properties LLC · 4 yrs held
    Yans Properties LLC
    since 2022
    Last sale
    $610,000
    3 recorded transactions
    2026
    2022
    2022
    $610,000
    Zoning & alternative use
    B-5P · Lexington, KY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $950,000 +12.0%
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    More about this property
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