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. Malabu Heights Plaza is located at 2 Nicholasville Road in Lexington, KY. The property is situated inside of New Circle Road in an irreplaceable and generational A+ location on Nicholasville Road. Nicholasville Road is Lexington's primary retail corridor consisting of traffic counts of 43, 989 (ADT). Nicholasville Road connects retail to the major health care systems, to the University of Kentucky, and to the Central Business District. The property is located approximately 1.8 miles from the University of Kentucky, which has over 28, 000 students enrolled.

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 $575,140 94 % below $315,000 97 % below
Commerical listings in Lexington $1,607,857 83 % below $737,500 92 % 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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