Property summary
This single-tenant restaurant building is located in the Palomar Centre shopping area on Harrodsburg Road. The property comprises 5,715 square feet situated on a 0.475-acre lot and is positioned within a retail and residential hub that includes anchor retailers such as Walmart and Publix. The site is configured for full-service food and beverage use and features a contemporary interior atmosphere with a fireplace and outdoor seating. Nearby retail and service users include national and local tenants such as Chase, Bank of America, Panera, McDonald’s, Qdoba, Starbucks, and CHI Saint Joseph Health. Vehicle traffic patterns in the immediate area include counts of 31,820 CPD at the US 68 crossing of Harrodsburg Road and 31,626 CPD at Harrodsburg Road crossing Man O’ War Boulevard. The property has historically operated as a Southwest-inspired restaurant offering steaks and seafood, along with an extensive craft beer selection. The building is held under a net lease arrangement structured for tenant responsibility for operating costs and is supported by a primary lease term with additional tenant option periods.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
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Veterinary Clinic
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Veterinary Clinic
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
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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.
The district profile from the municipal source: what is on file for B-1 in Lexington, KY.
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