5584 Versailles Road

    Lexington, KY 40510
    • $525,000
    • STATUS: Active
    • ON SITE: 84 days
    • MLS #: 1919079
    UPDATED: 44 min ago
    $525,000
    • 0
      BEDS
    • 2.35
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,158
      SQFT
    • $85
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    Great investment property. Rental income provides an attractive ROI. Non-conforming commercial retail property is the only retail sales property on Versailles Road within Fayette County until inside New Circle Rd. Easy to manage. Cap Rate approx. 10.6%. Current leases will transfer. Retail business and inventory may be available for sale as separate transaction. Seller owns both real estate and operates retail business. Seller is flexible. Approx. 50K vehicles pass the location daily.

    Monthly Payment Calculator

    The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than Better Homes and Garden Real Estate Cypress are marked with the IDX logo and detailed information about them includes the name of the listing IDX Brokers. Information is deemed reliable but is not guaranteed accurate by the MLS or listing broker.
    www.lexingtonkyhomesearch.com/homes/98314658

    5584 Versailles Road Lexington, KY 40510

    • Price: $525,000
    • Status: Active
    • Updated: 44 min ago
    • MLS #: 1919079
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.35
    Acres
    6,158
    SQFT
    $85
    $/SQFT
    Neighborhood:
    Cardinal Valley
    County:
    Fayette
    Area:
    Fayette County Sw 4
    Property Description
    Great investment property. Rental income provides an attractive ROI. Non-conforming commercial retail property is the only retail sales property on Versailles Road within Fayette County until inside New Circle Rd. Easy to manage. Cap Rate approx. 10.6%. Current leases will transfer. Retail business and inventory may be available for sale as separate transaction. Seller owns both real estate and operates retail business. Seller is flexible. Approx. 50K vehicles pass the location daily.
    Exterior Features

    Construction GlassBrickVinyl Dock Doors 0 Drive In Doors 0 Lot Expansion Sq Ft 0 Parking On SitePaved Roof Type Shingle Stories One

    Interior Features

    Ceiling DroppedDrywall Elevator Capacity 0 Flooring WoodVinylTile/BrickConcretePartially Carpeted Floors Serviced 0 Miscellaneous Air ConditioningSecurity Alarm100/200 Amp200/400 Amp3 Phase ElectricityHot Water Heater Restrooms Mens 0 Restrooms Womens 0 Sq Ft Building 2878 Sq Ft Common Area 0 Sq Ft Gross Leasable 6158 Sq Ft Office 0 Sq Ft Retail 3280 Sq Ft Warehouse 0 Water Heater Size 0

    Property Features

    Adv License And Permit 0 Annual Rent 70800 Building Expansion Sq Ft 0 Cash Flow Before Tax 55502 Ceiling Height 0 Credit Losses And Vacancy 0 Current Zoning Ar (Commercial Land Use 430-C Retail) Documents On File Survey Electric 0 Elevator Services 0 Fuel Expense 0 Gas Pipe Size 0 Gross Operating Income 70800 Gross Scheduled Rent Income 70800 Janitorial Services 0 Land Lease 0 Lawn Services 0 Lease Type Mixed Less Operating Expense 15298 Net Operating Income 55502 Non Conforming Yes Occupancy 0 Occupant Type Tenant Other Income 0 Payroll 0 Personal Property Taxes 0 Possession Close Of Escrow Property Insurance 1167 Property Management 0 Property Subtype1 Mixed Use Property Subtype2 Retail Property Subtype3 Restaurant Real Estate Taxes 4637 Repairs And Maintenance 3475 Rubbish Services 0 Sale Or Lease Includes BuildingsLandFurnitureFixturesEasementsOptionsLeases Sewer Private Sewer Sewer And Water 0 Tax Rate 1.1041 Telephone 0 Tenant Pays ElectricGasWaterSewerTrash RemovalInsuranceInterior MaintenanceOther Terms Sale Total Annual Debt Service 0 Total Gross Income 70800 Total Operating Expense 15298 Utilities On Site Electricity ConnectedNatural Gas ConnectedWater ConnectedTelephone Water Pipe Size 0 Year Built Exception Unknown

    Listing provided courtesy of Robert Compton of Top Ten Realty. Listing information © 2019 LBAR Multiple Listing Service. All rights reserved.
    The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than Better Homes and Garden Real Estate Cypress are marked with the IDX logo and detailed information about them includes the name of the listing IDX Brokers. Information is deemed reliable but is not guaranteed accurate by the MLS or listing broker.
     
    Better Homes and Garden Real Estate Cypress
    3221 Summit Square Place, Ste 200
    Lexington KY, 40590
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