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1415-1419 Leestown Rd 4,434 SF 75% Leased Retail Building Lexington, KY 40511 $799,000 ($180.20/SF) 8.81% Cap Rate
EXECUTIVE SUMMARY
This 4434 sf multi unit Leestown Road property is a prime commercial investment situated in a highly sought-after area of Lexington, KY. This versatile space accommodates a variety of businesses, from retail to distribution and storage space, ensuring flexibility for any entrepreneur. Ample parking space for both customers and employees. Modern infrastructure and amenities. Located close to numerous restaurants, shopping centers, and parks with signifiant foot traffic. The rear of the property has a 507 sf secured detached storage facility with automatic gated entry large enough for large trucks. A alcohol distributing across state lines license is also available for purchase. Perfect for investors needing a quick 1031 exchange property.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
4,434 SF
Building Class
C
Year Built
1954
Price
$799,000
Price Per SF
$180.20
Cap Rate
8.81%
NOI
$70,368
Percent Leased
75%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.46
Lot Size
0.22 AC
Zoning
B-1 - Neighborhood Business
Frontage
56’ on Leestown Road
Walk Score®
Very Walkable (71)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $665,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$665,000
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1415-1419 Leestown Rd
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