110 Clark Street, Flemingsburg, KY 41041

$1,250,000
Property Type: Commercial Sale Square Footage: 40,000 Lot Size (sq. ft.): 229,997 Status: Closed
Current Price: $1,250,000 List Date: 6/20/2018 Last Modified: 9/03/2025

Overview

Description

Excellent investment opportunity!! Great shopping center in a wonderful town, with several long term tenants, including the grocery store and pharmacy which have both been there since the shopping center was built in 1978. The current owner updated the center when he bought it in 2007, with a new Dryvit facade, new glass store fronts, landscaping, etc. The entire parking lot was re-capped with asphalt in October 2016 ($86,000), and five roof top HVAC package units where replaced in July 2017 ($39,000). Owner / Broker

Listing Details MLS# 1812983

Listing Information

Property Sub Type
Office

Status Change Information

Price Change Timestamp
2018-11-05T16:21:44Z
Status Change Timestamp
2018-11-05
Purchase Contract Date
2018-08-22
Close Date
2018-10-29
Close Price
1250000
Buyer Financing
Conventional
Sale Type
Arms Length Sale
Concessions Comments
0.0

Address

County
Fleming
Street Number
110
Street Name
Clark
Street Suffix
Street
Street Suffix Modifier
150
State
KY
Zip Code
41041

Contract

Original List Price
1675000
Start Showing Date
2018-06-20
Listing Contract Date
2018-06-20
Listing Agreement
Exclusive Right To Sell
Owner Name
John L. Foley V LLC
Owner Phone
8592214080
Occupant Type
Tenant
Office Exclusive YN
No
List Price/SqFt
41.88
Sold Price/SqFt
31.25
SP/LP
0.75

Tax Legal

MLS Area Major
037 - Fleming County
Subdivision Name
Commercial

Interior

Living Area
40000
Building Area Total
40000

More Information

Parking Information

Parking Total
56

Building

Year Built
1978

Lot

Lot Size Acres
5.28
Lot Size Square Feet
229997.01

Utilities

Cooling YN
Yes
Electricity Connected
Yes
Phone Available
Yes
Sewer Connected
Yes
Water Connected
Yes

Remarks

Public Remarks
Excellent investment opportunity!! Great shopping center in a wonderful town, with several long term tenants, including the grocery store and pharmacy which have both been there since the shopping center was built in 1978. The current owner updated the center when he bought it in 2007, with a new Dryvit facade, new glass store fronts, landscaping, etc. The entire parking lot was re-capped with asphalt in October 2016 ($86,000), and five roof top HVAC package units where replaced in July 2017 ($39,000). Owner / Broker

Tax & Legal

Tax Rate
1.1228
Zoning Description
B-3
Directions
From Lexington, take I 64 east to exit 110 (Mt. Sterling). tern left at the top of the ramp and stay on that for approx. 28 miles, watch for Clark St. on the left.

Association/Community

Number Of Buildings
3

Construction Materials

Block
Yes
Brick
Yes
Concrete
Yes
Glass
Yes
Steel Frame
Yes

Parking Features

On Site
Yes
Paved
Yes

Possession

Close Of Escrow
Yes

Roof

Membrane
Yes
Shingle
Yes

Security Features

Fire Sprinkler System
Yes

Special Listing Conditions

Standard
Yes

Business Type

Professional/Office
Yes
Retail
Yes

Ceiling

Dropped
Yes

Existing Lease Type

Gross
Yes

Sale Includes

Building(s)
Yes
Land
Yes
Leases
Yes

Tenant Pays

Electricity
Yes
Interior Maintenance
Yes
Sewer
Yes
Trash Collection
Yes
Water
Yes

Property Features

Utilities: Electricity Connected; Phone Available; Sewer Connected; Water Connected; Electricity Connected; Phone Available; Sewer Connected; Water Connected Business Type: Professional/Office; Retail Ceiling: Dropped Construction Materials: Block; Brick; Concrete; Glass; Steel Frame Existing Lease Type: Gross Parking Features: On Site; Paved Possession: Close Of Escrow Roof: Membrane; Shingle Sale Includes: Building(s); Land; Leases Security Features: Fire Sprinkler System Special Listing Conditions: Standard Tenant Pays: Electricity; Interior Maintenance; Sewer; Trash Collection; Water
Listing Office: Jack Foley Realty, LLC
Last Updated: September - 03 - 2025
Information deemed reliable but not guaranteed.
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