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- LoopNet Team
102-112 W Short St
Lexington, KY 40507
Parking Lot · Land For Sale
·
0.13 AC
INVESTMENT HIGHLIGHTS
- NOI of $72,000 with value add potential through increased rents, contact agent for financial and lease detail
- Opportunity to maintain stabilized parking income or to redevelop the site
- Loan Assumption possibility at 3.85% through 2030
- 15 Parking Spaces
- Landlord beneficial Lease structure (NNN)
PROPERTY FACTS
| Property Type | Land | Proposed Use | Parking Lot |
| Property Subtype | Commercial | Total Lot Size | 0.13 AC |
| Zoning | B-2B-DOWNT | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Parking Lot |
| Total Lot Size | 0.13 AC |
| Zoning | B-2B-DOWNT |
DESCRIPTION
Block + Lot is pleased to present this rarely available, high barrier for entry offering in the heart of downtown Lexington. This prime location serves as parking for the surrounding retail and office that serve downtown Lexington. Stabilized income, NNN Lease structure with BG Parking Partners LLC strong credit serve this offering through December 31, 2028, As well, the Owner enjoys the option to terminate with 30 days notice to Tenant, lending flexibility to buyer as opportunity for new owner to lease to a similar/different professional parking business or redevelop the site at buyer discretion. Buyer agent fee not included in offered price. Located in theDesignated Opportunity Zone for Lexington, Kentucky Heart of Downtown Lexington, surrounded by retail, office, and residential Rarely available purchase opportunity with beneficial Lease structure to Landlord and multitude of possibilities for new owner
PROPERTY TAXES
| Parcel Number | 16311300 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $480,000 |
PROPERTY TAXES
