Property profile

2520 Nicholasville Rd Lexington, KY 40503

OFF-MARKET
Turn key restaurants
Property ID
US34-0664271
118,300 SF 10.78 ac lot Built 1972
Entity Owned 13-yr Hold Free & Clear
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Property summary

AI-generated overview

The property in Lexington, Kentucky consists of a 104,000-square-foot facility on a 10.782-acre lot, zoned B6P. It includes a rear, climate-controlled storage space positioned behind a Goldfish Swim School, with access provided only from the rear of the building. The space is configured for storage use exclusively and is restricted to storage purposes with no retail activities permitted.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1972
Total area 118,300 SF
Lot 10.78 ac (469,707 SF)
Zoning code B-6P
APN 11212525
UPID US34-0664271

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Home Appliance Store
  • Swimming School Baby Swimming School
  • Bakery Specialty Food Shop
  • Atm
  • Restaurant

Location

2520 Nicholasville Rd Lexington, KY 40503-3384
Lexington metro Census 2700 LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$22.75M
Blend (final) Blend
$22.75M

Owner & transaction history

since 2013
3 recorded transactions
2020
Price N/A
2013
$6.0M
2013
$2.0M

Zoning & alternative use

B-6P · Lexington, KY
Zoning description

Article 12 - COMMERCIAL CENTER (B-6P) ZONE Share Download Bookmark Print Sec. 12-1. - Intent. The intent of the Commercial Center (B-6P) zone is to create centers of activity that promote commerce and retail along major…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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