2348 Nicholasville Road Lexington, KY 40503

$9,630,000
2348 Nicholasville Road, Lexington, KY 40503
1814485

Commercial Property for sale in Lexington, KY

for $9,630,000. This 34,436 square foot building was built in 2006 on a lot size of 2.61 Acre(s).

Property Information

  • $9,630,000
  • Commercial
  • 34,436 Square Feet
  • Retail
  • Active
  • Lot size of 2.61 Acre(s)
  • Built in 2006
  • Lexington, KY
  • Fayette County
  • MLS/Web ID is 1814485

Description

Block + Lot is pleased to offer for sale Malabu Heights Plaza located at 2 Nicholasville Road in Lexington, KY. Malabu Heights consists of two retail strip buildings totaling 34, 436 SF. Currently 96.08% occupied with 15 tenants, this investment provides an opportunity to spread risk through multiple internet resistant uses while also enabling the investor to add value in a highly stabilized retail market.

Miscellaneous 1

Occupied

  • Tenant

† Excluded Feature

Listed By

Broker: BLOCK + LOT REAL ESTATE

2348 Nicholasville Road, Lexington, KY, 40503 is a Commercial Property for sale at $9,630,000 with 34,436 sqft and a lot size of 2.61 Acre(s). 2348 Nicholasville Road has 0.0 baths and was built in 2006. The property's zip code is 40503 which is in Lexington, KY

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Market Pricing

Average % of sale price Median % of sale price
All listings in Lexington $583,998 94 % below $319,825 97 % below
Commerical listings in Lexington $1,622,385 83 % below $668,500 93 % below

Get the facts about Lexington, KY!

Population 309,571
Population Growth (since 2000) 19 %
Median Income $49,858
Median Age 34.93
Households w/ Children 27 %

Residential Dwellings

  • Owned 72258
  • Vacant 11425
  • Rented 56664

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