1061 Main StNicholasville, KY 40356

Property Details for 1061 Main St

Year built

1993

Lot size

2.00 AC

Property size (Sq ft)

13,182 SF

Property type

Industrial properties

Property subtype

Industrial live-work properties

APN

057-00-00-020.01

APU

57000002001

Description

This exceptional retail opportunity is located within the Mini Plaza, a 14,200 square foot strip center in Nicholasville, Kentucky. The property is situated at the highly visible intersection of North Main Street and the Nicholasville Bypass, directly across from a Walmart Supercenter. This prime location offers unparalleled exposure to a large volume of daily traffic. The center is anchored by Advance Auto Parts and benefits from a strong tenant mix including national brands such as Applebee's, Sonny's BBQ, Zaxby's, Lowe's, Tractor Supply, Bargain Hunt, Dollar General, Waffle House, Wendy's, McDonald's, Culver's, and Taco Bell. The available space totals 1,200 square feet and is ideal for a variety of retail uses. The property features excellent visibility and the possibility of pole signage, ensuring maximum brand awareness. This is a rare chance to secure a retail space in a thriving commercial center with high foot traffic and strong neighboring businesses. The address is 1061 N Main St, Nicholasville, KY 40356. The property is classified as a retail endcap space within a multi-tenant building.

• CAP approach

  CAP return

  Valuation

  6%

  $3,037,587

  6.5%

  $2,803,926

  7%

  $2,603,646

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,764,570

  Geo Method

  $1,758,795

• Alternative Use

  Use

  Valuation

  Residential

  $2,803,926

  Hospitality

  $2,568,381

  Educational

  $2,136,863

  Medical

  $2,210,353

  Retail

  $3,324,009

Location Insight

City

Nicholasville

County

Jessamine

State

Kentucky

Latitude

37.9025

Longitude

-84.5645

CBSA code

30460

CBSA name

LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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