701 National AveLexington, KY 40502

Property Details for 701 National Ave

Year built

1979

Lot size

0.08 AC

Property size (Sq ft)

2,303 SF

Zone code

B-4

Property type

Retail properties

Property subtype

Turn key restaurants

APN

10831500

APU

10831500

Description

This exceptional 2,303-square-foot free-standing restaurant space is ideally situated on National Avenue in Lexington, Kentucky's vibrant Warehouse Block. Boasting a prime corner location within the 40502 zip code, this single-tenant property offers high visibility and foot traffic. The building features a desirable outdoor patio and rooftop seating area, perfectly complementing the bustling atmosphere of the Warehouse Block. Surrounded by popular businesses such as Mirror Twin Brewing, Eppings on Eastside, and others, this location benefits from the synergy of a thriving local scene, attracting both residents and visitors. The property's convenient access to shared parking ensures ease of access for customers. Its proximity to sought-after neighborhoods like Kenwick, Chevy Chase, and Ashland further enhances its appeal. This one-story building is zoned B-4, making it an excellent opportunity for a restaurant operator seeking a high-traffic, desirable location in a vibrant Lexington neighborhood. The entire 2,303 square feet is currently vacant and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $516,910

  6.5%

  $477,148

  7%

  $443,066

• Comparable approach

  Method

  Valuation

  Relative Method

  $478,301

  Geo Method

  $499,570

• Alternative Use

  Use

  Valuation

  Residential

  $402,492

  Hospitality

  $368,680

  Educational

  $306,738

  Medical

  $317,287

  Retail

  $477,148

Location Insight

City

Lexington

County

Fayette

State

Kentucky

Latitude

38.041

Longitude

-84.4797

CBSA code

30460

CBSA name

LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].