503 & 501 Spivey Lane, London, KY 40741 (MLS# 23011857)

503 & 501 Spivey Lane, London, KY 40741

$1,225,000

Property Type: Commercial Sale Square Footage: 3,900 Lot Size (sq. ft.): 34,848 Status: Closed

Current Price: $1,225,000 List Date: 6/24/2023 Last Modified: 9/03/2025

Overview

Description

Introducing a prime commercial property located at 503 Spivey Lane in London, Kentucky! This is the perfect opportunity for anyone looking to invest in a growing community. Situated right off Interstate 75 and at the corner of fifth street and 192, this location offers unparalleled visibility and accessibility. Don't miss out on this prime real estate opportunity! This commercial building for sale presents a unique opportunity for buyers looking to expand their property portfolio. The building is adjacent to a .38 acre lot that can be sold separately from the current listing at 503 Spivey LN. Contact me to learn more

Listing Details MLS# 23011857

Listing Information

Comp Sale YN: No
Property Sub Type: Business

Status Change Information

Status Change Timestamp: 2024-07-02
Purchase Contract Date: 2024-05-15
Close Date: 2024-06-28
Close Price: 1225000
Buyer Financing: Other

Address

County: Laurel
Street Number: 503 & 501
Street Name: Spivey
Street Suffix: Lane
State: KY
Zip Code: 40741
Parcel Number: 062-50-00-052.00

Contract

Original List Price: 1900000
Start Showing Date: 2023-06-24
Listing Contract Date: 2023-06-24
Listing Agreement: Exclusive Right To Sell
Occupant Type: Tenant
Office Exclusive YN: No
List Price/SqFt: 487.18
Sold Price/SqFt: 314.1
SP/LP: 0.64

Tax Legal

MLS Area Major: 044 - Laurel County
Subdivision Name: City Limits

Interior

Living Area: 1500
Building Area Total: 3900

More Information

Parking Information

Parking Total: 20

Building

Year Built: 2003
Stories Total: 2
Accessibility Features YN: Yes

Lot

Lot Size Acres: 0.8
Lot Size Square Feet: 34848

Utilities

Cooling YN: Yes
Electricity Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Remarks

Public Remarks: Introducing a prime commercial property located at 503 Spivey Lane in London, Kentucky! This is the perfect opportunity for anyone looking to invest in a growing community. Situated right off Interstate 75 and at the corner of fifth street and 192, this location offers unparalleled visibility and accessibility. Don't miss out on this prime real estate opportunity! This commercial building for sale presents a unique opportunity for buyers looking to expand their property portfolio. The building is adjacent to a .38 acre lot that can be sold separately from the current listing at 503 Spivey LN. Contact me to learn more

Showing Information

Showing Instructions: Showing time. Agent will meet you with further instructions. No code/lockbox

Tax & Legal

Tax Rate: 8.75
Zoning Description: Commercial Building
Directions: To reach the commercial building, take the London exit 38 off of Interstate 75 and proceed towards the intersection of 5th Street and 192. The building is located less than a mile from the interstate and is situated at the corner of the intersection. Across the street from Frisch's

Association/Community

Number Of Buildings: 1

Construction Materials

Block: Yes
Concrete: Yes
Other: Yes

Parking Features

Gravel: Yes
On Site: Yes
Paved: Yes

Possession

Negotiable: Yes
Rental Agreement: Yes
Subject To Tenant Rights: Yes

Roof

Metal: Yes

Security Features

Fire Sprinkler System: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

Standard: Yes

Water Heater

Water Heater: Yes

Building Features

Tile/Brick Floor: Yes
Vinyl Flooring: Yes
Wood Flooring: Yes

Business Type

Commercial: Yes
Professional/Office: Yes

Ceiling

Dropped: Yes
Other: Yes

Existing Lease Type

Other: Yes

Sale Includes

Building(s): Yes
Land: Yes

Property Features

Utilities: Electricity Connected; Sewer Connected; Water Connected; Electricity Connected; Sewer Connected; Water Connected Building Features: Tile/Brick Floor; Vinyl Flooring; Wood Flooring Business Type: Commercial; Professional/Office Ceiling: Dropped; Other Construction Materials: Block; Concrete; Other Existing Lease Type: Other Parking Features: Gravel; On Site; Paved Possession: Negotiable; Rental Agreement; Subject To Tenant Rights Roof: Metal Sale Includes: Building(s); Land Security Features: Fire Sprinkler System Sewer: Public Sewer Special Listing Conditions: Standard Water Heater: Water Heater

Listing Office: CENTURY 21 Advantage Realty

Last Updated: September - 03 - 2025

Information deemed reliable but not guaranteed.