306 Southland Drive, Lexington, KY 40503 (MLS# 1220949)

306 Southland Drive, Lexington, KY 40503

$1,525,000

Property Type: Commercial Sale Square Footage: 26,000 Lot Size (sq. ft.): 94,961 Status: Closed

Current Price: $1,525,000 List Date: 11/08/2012 Last Modified: 9/03/2025

Overview

Listing Details MLS# 1220949

Listing Information

Property Sub Type: Mixed Use

Status Change Information

Price Change Timestamp: 2012-11-12T15:50:25Z
Status Change Timestamp: 2012-11-08
Purchase Contract Date: 2012-10-15
Close Date: 2012-11-08
Close Price: 1525000
Buyer Financing: Conventional

Address

County: Fayette
Street Number: 306
Street Name: Southland
Street Suffix: Drive
State: KY
Zip Code: 40503
Parcel Number: 10030580

Contract

Original List Price: 1750000
Start Showing Date: 2012-04-15
Listing Contract Date: 2012-04-15
Listing Agreement: Exclusive Right To Sell
Owner Name: Oleika Shrine
Occupant Type: Tenant
Office Exclusive YN: No
SP/LP: 0.87

Tax Legal

MLS Area Major: 004 - Fayette County SW
Subdivision Name: Southland

Interior

Living Area: 26000

More Information

Parking Information

Parking Total: 56

Building

Year Built: 1962

Lot

Lot Size Acres: 2.18
Lot Size Square Feet: 94960.89

Utilities

Cooling YN: Yes
Electricity Available: Yes
Natural Gas Available: Yes
Phone Available: Yes
Water Available: Yes

Building and Property Details

# of Dock Doors: Yes

Income and Expenses

Gross Income: 180000
Gross Scheduled Income: 180000

Tax & Legal

Tax Rate: 1.1
Zoning Description: commercial retail
Directions: From downtown Lexington go south past UNiv of Ky until you get on Nicholsville Road. Go about 3 miles to Southland Drive. Take a right on southland drive and this building will be on your left beside Oleika Shrine Building.

Construction Materials

Block: Yes
Brick: Yes
Concrete: Yes
Glass: Yes

Listing Terms

Conventional: Yes

Possession

Close Of Escrow: Yes

Roof

Flat: Yes
Shingle: Yes

Security Features

Fire Sprinkler System: Yes

Special Listing Conditions

Standard: Yes

Water Heater

Water Heater: Yes

Building Features

Concrete Floor: Yes
Electric Drive-In Door(s): Yes

Business Type

Mixed: Yes
Retail: Yes

Ceiling

Dropped: Yes

Docks

1-3 Docks: Yes

Sale Includes

Building(s): Yes
Easements: Yes
Land: Yes
Leases: Yes

Tenant Pays

Electricity: Yes
Gas: Yes
Insurance: Yes
Sewer: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Documents

Survey: Yes

Property Features

Utilities: Electricity Available; Natural Gas Available; Phone Available; Water Available; Electricity Available; Natural Gas Available; Phone Available; Water Available Building Features: Concrete Floor; Electric Drive-In Door(s) Business Type: Mixed; Retail Ceiling: Dropped Construction Materials: Block; Brick; Concrete; Glass Docks: 1-3 Docks Listing Terms: Conventional Possession: Close Of Escrow Roof: Flat; Shingle Sale Includes: Building(s); Easements; Land; Leases Security Features: Fire Sprinkler System Special Listing Conditions: Standard Tenant Pays: Electricity; Gas; Insurance; Sewer; Taxes; Trash Collection; Water Water Heater: Water Heater Documents: Survey

Listing Office: Wallen-Hamilton Real Estate, LLC

Last Updated: September - 03 - 2025

Information deemed reliable but not guaranteed.