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Multi-Family / Commercial Mixed-Use 7 Properties Offered at $4,951,430 CAD in Lexington, KY
INVESTMENT HIGHLIGHTS
- Multiple residential and commercial properties portfolio located in a prime University of Kentucky area
- University of Kentucky has over 31,800 students and 14,000 employees
- Zoned B-1 (Neighborhood Business), P-1 (Professional Office) and R-3 (Planned Neighborhood Residential)
- Great investment with all properties located within four blocks of the University of Kentucky main campus and three blocks of downtown Lexington
- Kroger and Chevy Chase shopping area with banks (ATMs), drug stores, Starbucks, Domino's Pizza, etc. all within walking distance
- Most of the property is not located in the Historic Overlay zone so building modifications/new construction are permitted in accordance to zoning
EXECUTIVE SUMMARY
NAI Isaac is pleased to present a Multi-Family/Commercial Mixed-Use Investment Portfolio in Lexington. Located in a prime University of Kentucky area including East High and East Maxwell Streets. This portfolio includes multiple residential and commercial properties located within four blocks of the University of Kentucky main campus. The University of Kentucky has over 31,800 students and 14,000 employees. The residential properties are situated off Euclid Ave (Avenue of Champions) and Woodland Ave near the W.T. Young Main Library.
PROPERTY FACTS
| Price | $4,951,430 CAD | Number of Properties | 7 |
| Price / SF | $303.77 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 7.65% | Total Building Size | 16,300 SF |
| Sale Type | Investment | Total Land Area | 0.80 AC |
| Status | Under Contract |
| Price | $4,951,430 CAD |
| Price / SF | $303.77 CAD / SF |
| Cap Rate | 7.65% |
| Sale Type | Investment |
| Status | Under Contract |
| Number of Properties | 7 |
| Individually For Sale | 0 |
| Total Building Size | 16,300 SF |
| Total Land Area | 0.80 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 488 E High St, Lexington, KY 40507 | Office | 1,986 SF | 1980 | - |
| 494-498 E High St, Lexington, KY 40507 | Retail | 4,800 SF | 1940 | - |
| 219 Woodland Ave, Lexington, KY 40502 | Retail | 3,455 SF | 1916 | - |
| 235 Woodland Ave, Lexington, KY 40502 | Retail | 2,954 SF | 1920 | - |
| 490 E High St, Lexington, KY 40507 | Retail | 2,200 SF | 1925 | - |
| 231 Woodland Ave, Lexington, KY 40502 | Retail | 557 SF | 1923 | - |
| 201 Woodland Ave, Lexington, KY 40502 | Retail | 348 SF | 1923 | - |
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Multi-Family / Commercial Mixed-Use
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