1951 BroadwayLexington, KY 40505

Property Details for 1951 Broadway

Year built

1968

Lot size

1.25 AC

Property size (Sq ft)

2,600 SF

Zone code

B-5P

Property type

Retail properties

Property subtype

Drive through restaurants

APN

13895950

APU

13895950

Description

This exceptional 1.3-acre commercial property located at 1951 N Broadway in Lexington, KY, presents a unique investment opportunity. The property features a 2,600 square foot single-tenant building, currently vacant, built in 1968 and situated on a 1.3-acre lot. The building is a single-story structure with a B-5P (Interchange Business) zoning designation, allowing for a wide range of retail uses. The property boasts a prime location just off Interstates 75/64, providing excellent visibility and accessibility. Its proximity to downtown Lexington (0.8 miles) and high traffic volume (approximately 26,600 cars per day on N. Broadway) ensures significant potential for success. The existing building, a former restaurant, is in excellent condition and includes all fully-equipped kitchen equipment, making it ideal for a second-generation restaurant or similar use. The surrounding area includes established businesses such as Shell and Marathon gas stations, and a Days Inn and Suites, further enhancing the property's desirability. The property is also available for sale at $1,375,000. Nearby development plans, including the transformation of the former Transylvania University Baseball fields into an affordable housing development, promise increased foot traffic and community growth. This property is an excellent opportunity for investors seeking a high-traffic, versatile retail space in a rapidly developing area of Lexington. The APN is 13895950.

Location Insight

City

Lexington

County

Fayette

State

Kentucky

Latitude

38.0749

Longitude

-84.4593

CBSA code

30460

CBSA name

LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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