200 Blueberry LnNicholasville, KY 40356

Property Details for 200 Blueberry Ln

Property size (Sq ft)

1,961 SF

Property type

Mixed-use properties

Property subtype

Other industrial properties

APN

057-40-12-001.00

APU

57401200100

Description

This exceptional 1,961 square foot retail property presents a prime development opportunity in the heart of Nicholasville, Kentucky. Located at 200 Blueberry Ln, this 0.47-acre corner lot boasts a highly visible position along a main street service road, situated within a corridor of established national retailers. The property's location benefits from a high-density residential and commercial area, strategically connecting downtown Nicholasville to Lexington Road, ensuring significant foot and vehicle traffic. Currently operating as a successful restaurant, this pad-ready site is equipped with all necessary utilities and features a drive-thru. The sale includes all kitchen equipment (only two years old) and a pylon sign, ready for immediate use by the next operator. Zoned for commercial use (APN: 057-40-12-001.00), this versatile property is ideal for a variety of retail concepts, including quick-service restaurants (QSR), convenience stores, banks, or sit-down restaurants. The asking price is $900,000.

• CAP approach

  CAP return

  Valuation

  6%

  $451,882

  6.5%

  $417,122

  7%

  $387,327

• Comparable approach

  Method

  Valuation

  Relative Method

  $262,504

  Geo Method

  $261,644

• Alternative Use

  Use

  Valuation

  Residential

  $417,122

  Hospitality

  $382,081

  Educational

  $317,887

  Medical

  $328,820

  Retail

  $494,491

Location Insight

City

Nicholasville

County

Jessamine

State

Kentucky

Latitude

37.8922

Longitude

-84.5673

CBSA code

30460

CBSA name

LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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