1719 N Broadway, Lexington, KY 40505

$940,500
Property Type: Commercial Sale Square Footage: 9,000 Lot Size (sq. ft.): 33,106 Status: Closed
Current Price: $940,500 List Date: 6/29/2017 Last Modified: 9/03/2025

Overview

Description

Stable Retail investment Opportunity - 1719 North Broadway is conveniently located between New Circle Rd. (Highway 4) and Interstate 75/64 in Lexington, KY. This highly visible site boasts tremendous traffic counts. The property is currently 100% occupied, and has maintained stable occupancy since purchased in 2006. The property also holds value add potential with an average rental rate below current market rates, and all current leases include renewal options with rent escalations.

Listing Details MLS# 1714823

Listing Information

Property Sub Type
Retail

Status Change Information

Price Change Timestamp
2018-12-14T15:08:14Z
Status Change Timestamp
2018-12-14
Purchase Contract Date
2018-11-20
Close Date
2018-12-13
Close Price
940500
Buyer Financing
Cash
Sale Type
Arms Length Sale
Concessions Comments
n/a

Address

County
Fayette
Street Number
1719
Street Direction Prefix
N
Street Name
Broadway
State
KY
Zip Code
40505

Contract

Original List Price
1150000
Start Showing Date
2017-06-29
Listing Contract Date
2017-06-29
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant
Office Exclusive YN
No
List Price/SqFt
121.67
Sold Price/SqFt
104.5
SP/LP
0.86

Tax Legal

MLS Area Major
001 - Fayette County NW
Subdivision Name
Commercial

Interior

Living Area
9000
Building Area Total
9000

More Information

Building

Year Built
2001

Lot

Lot Size Acres
0.76
Lot Size Square Feet
33105.63

Remarks

Public Remarks
Stable Retail investment Opportunity - 1719 North Broadway is conveniently located between New Circle Rd. (Highway 4) and Interstate 75/64 in Lexington, KY. This highly visible site boasts tremendous traffic counts. The property is currently 100% occupied, and has maintained stable occupancy since purchased in 2006. The property also holds value add potential with an average rental rate below current market rates, and all current leases include renewal options with rent escalations.

Tax & Legal

Tax Rate
1.2179
Zoning Description
B-3
Directions
Ideally located on North Broadway, between New Circle Rd. (Hwy 4) and I-75/64 in Lexington, KY. Less than 3 miles from Downtown Lexington and less than 1 mile from I-75/64 interchange.

Special Listing Conditions

Standard
Yes

Business Type

Retail
Yes

Property Features

Business Type: Retail Special Listing Conditions: Standard
Listing Office: Block + Lot Homes
Last Updated: September - 03 - 2025
Information deemed reliable but not guaranteed.
Search powered by FBS Products