Diane Davis - Coldwell Banker McMahan
2348 2358 Nicholasville Rd
Lexington, KY 40503

$9,630,000

Description

Block + Lot is pleased to offer for sale Malabu Heights Plaza located at 2348-2358 Nicholasville Road in Lexington, KY. Malabu Heights consists of two retail strip buildings totaling 34,436 SF. Currently 96.08% occupied with 15 tenants, this investment provides an opportunity to spread risk through multiple internet resistant uses while also enabling the investor to add value in a highly stabilized retail market. Malabu Heights Plaza is located at 2348-2358 Nicholasville Road in Lexington, KY. The property is situated inside of New Circle Road in an irreplaceable and generational A+ location on Nicholasville Road. Nicholasville Road is Lexington's primary retail corridor consisting of traffic counts of 43,989 (ADT). Nicholasville Road connects retail to the major health care systems, to the University of Kentucky, and to the Central Business District. The property is located approximately 1.8 miles from the University of Kentucky, which has over 28,000 students enrolled.

Details

MLS#1814485
Sub-TypeResale
StatusActive
Year2006
Days On Site208

Features

SQ Feet34,436
Story(s)0
ZoningB-1

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Area Information

StateKY
CountyFayette
CityLexington
Zip Code40503
AreaFayette County SE 3
Listing VS Median (in 40503)
Price:
$9,630,000
low | high
Med:
$199,400
100% of Average
SqFt:
34,436
low | high
Med:
1,683
100% of Average
$ / SqFt:
$280
low | high
Med:
$121
100% of Average
On Site:
208
low | high
Med:
9.5
100% of Average
Listing Updated: 01/19/2019
MLS Number: 1814485
Listing Provided By:
Peter Barr  of  Block + Lot Real Estate