Barbara Moore - Coldwell Banker McMahan
2387 Professional Hgts
Lexington, KY 40503

$1,300,000

Description

Rare Investment Opportunity under market value with room to increase rent. This 28,352 SF building sits on 2.91 acres of desirable land in the Malabu/Nicholasville Road area. It currently cash flows with only 50% occupancy. Also potential to redevelop into a hotel or many other uses as it is zoned B-1.

Details

MLS#1816806
Sub-TypeResale
StatusActive
Year0
Days On Site90

Features

SQ Feet28,352
Story(s)2
ZoningB-1

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Area Information

StateKY
CountyFayette
CityLexington
Zip Code40503
AreaFayette County SE 3
Listing VS Median (in 40503)
Price:
$1,300,000
low | high
Med:
$185,000
100% of Average
SqFt:
28,352
low | high
Med:
1,496
100% of Average
$ / SqFt:
$46
low | high
Med:
$127
100% of Average
On Site:
90
low | high
Med:
76.5
100% of Average
Listing Updated: 10/20/2018
MLS Number: 1816806
Listing Provided By:
Robert Gabbert  of  The Gibson Company