$1,170,000

1951 N Broadway, Lexington, KY 40505

  • 2,600 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1968
  • Property Lot Size Icon1.3acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $450/sqft
  • Property List Date Icon Listed 1 year ago

Property Description

We are excited to offer 1.3 acres of flat, retail land off of N. Broadway for sale. The property is conveniently located just off Interstates 75/64 and only 0.8 miles from Downtown Lexington, and is conducive to redevelopment or to be used as is. The 2,600 SF former restaurant is currently leased until September 31, 2028 on a NNN lease to a home delivery meal service (Tenant pays property insurance and common area maintenance, and 60% of the property tax bill), and the back portion of the property to a food truck which is on a month-to-month agreement. The total income is $55,200/year with increases each year. Landlord is only responsible for roof and structure, 40% of the property tax bill, and maintaining the parking lot area leased to food trucks. The existing restaurant features many recent improvements and is in excellent condition, fully equipped. This would be a great opportunity for a future owner occupant or developer looking to enjoy income until taking over, or a buyer looking for future value add potential through the current tenancies. Immediately surrounding the site is a Shell gas station, Marathon gas station, and Days Inn and Suites.

Listing Status:
Active
Date Added:
October 9, 2025 at 05:00AM
Listing Office:
Block + Lot Real Estate : (859) 309-0099
MLS ID:
24001239
  • Originating MLS: Imagine MLS (Bluegrass REALTORS®)
  • County: Fayette
  • Zoning: 13895950
  • Source: Imagine MLS (Bluegrass REALTORS®)

This listing courtesy of Block + Lot Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Mary Todd Elementary School

551 Parkside Dr, Lexington, KY, 40505

Grades PK-5

0.64 miles away

B

Bryan Station Middle School

1865 Wickland Dr, Lexington, KY, 40505

Grades 6-8

0.66 miles away

B

Bryan Station High School

201 Eastin Rd, Lexington, KY, 40505

Grades 9-12

0.54 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.