134 Malabu DrLexington, KY 40503

Property Details for 134 Malabu Dr

Year built

2017

Lot size

0.63 AC

Property size (Sq ft)

5,120 SF

Zone code

B-3

Property type

Retail properties

Property subtype

Drive through restaurants

APN

38273870

APU

38273870

Description

This exceptional 5,200 square foot freestanding restaurant presents a unique sublease opportunity in Lexington, Kentucky. Located at 134 Malabu Drive, this property boasts a convenient drive-thru, a significant advantage in today's fast-paced market. Situated in the highly desirable Venue, on Nicholasville Road, this location benefits from exceptional visibility and high traffic volume, exceeding 45,326 vehicles per day. The B-3, Highway Service Business zoning ensures flexibility for a variety of restaurant concepts. The building's single-tenant occupancy provides a streamlined operational environment. This prime location offers strong daytime and evening traffic patterns, supported by a dense residential population and a robust retail environment. The property enjoys close proximity to major retail centers including the Fayette Mall (over 1.2 million square feet), Plaza at Fayette Mall, and Summit at Fritz Farm. Furthermore, its convenient location near the University of Kentucky, Blue Grass Airport, downtown Lexington, and Baptist Health ensures a large and diverse customer base. This is an unparalleled opportunity to establish or expand a thriving restaurant business in a high-demand area of Fayette County, Kentucky, zip code 40503. The property is easily accessible from Nicholasville Road, offering excellent visibility and convenient access for customers.

• CAP approach

  CAP return

  Valuation

  6%

  $1,202,297

  6.5%

  $1,109,813

  7%

  $1,030,540

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,076,009

  Geo Method

  $1,110,639

• Alternative Use

  Use

  Valuation

  Residential

  $936,168

  Hospitality

  $857,525

  Educational

  $713,451

  Medical

  $737,988

  Retail

  $1,109,813

Location Insight

City

Lexington

County

Fayette

State

Kentucky

Latitude

38.0021

Longitude

-84.5174

CBSA code

30460

CBSA name

LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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