$940,500
Lexington, KY 40505
MLS# 1714823
Status: Closed
9000 sqft
1 / 5
Property 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.
Details
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
Contract
Current Price: $940,500
Original List Price: 1150000
Status: Closed
Start Showing Date: 2017-06-29
Listing Contract Date: 2017-06-29
Sold Price: $940,500
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
Interior
Living Area: 9000
Building Area Total: 9000
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.
Listing Information
Property Sub Type: Retail
Address
County: Fayette
Street Number: 1719
Street Direction Prefix: N
Street Name: Broadway
State: KY
Zip Code: 40505
Tax Legal
MLS Area Major: 001 - Fayette County NW
Subdivision Name: Commercial
Building
Year Built: 2001
Property Features
Business Type: Retail
Special Listing Conditions: Standard
Listing Office: Block + Lot Homes
Last Updated: October - 13 - 2026
Information deemed reliable but not guaranteed.