145 Burt Rd | Lexington, KY 40503
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145 Burt Rd
Lexington, KY 40503
100% Occupied Retail/Office Investment · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 100% occupied retail investment property presented at a 7.5% cap rate on in—place income.
- Busy Nicholasville Rd is a major Lexington retail thoroughfare.
- All rents collected in 2020!
- 1.3 acres; zoned B—1.
- Diverse mix of tenant businesses, with national (Kumon Learning, Wellnessmart), and strong local businesses (Gluten Free Miracles).
- Property includes 20 total units. Small unit size, proximity to Nicholasville Rd, & price point attract local service businesses.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
12,857 SF
Building Class
C
Year Built
1964
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
1.30 AC
Zoning
B-1 - Commercial
Parking
53 Spaces (4.12 Spaces per 1,000 SF Leased)
Frontage
212’ on Burt Rd
AMENITIES
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 13826125 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,400,000 |
PROPERTY TAXES
Parcel Number
13826125
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,400,000
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