950 Commercial Drive , #978

    Richmond, KY 40475
    • $2,350,000
    • STATUS: Active
    • ON SITE: 122 days
    • MLS #: 1813465
    UPDATED: 19 min ago
    $2,350,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 25,775
      SQFT
    • $91
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    Block+Lot Real Estate is pleased to present this Investment Opportunity in Richmond, KY that is 100% occupied. Southern Hills Plaza is a highly visible site and conveniently located along Richmond's Eastern Bypass and boasts significant traffic counts. The building is approximately 25,775 SF and the large site size offers ample parking for the retail tenants. The property, purchased in 2006, has maintained stable occupancy. The property holds tremendous value-add potential with an average rental rate below the current market rate and the opportunity to restructure the leases.

    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/84646215

    950 Commercial Drive , #978 Richmond, KY 40475

    • Price: $2,350,000
    • Status: Active
    • Updated: 19 min ago
    • MLS #: 1813465
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    25,775
    SQFT
    $91
    $/SQFT
    Neighborhood:
    Commercial
    County:
    Madison
    Area:
    Madison County
    Property Description
    Block+Lot Real Estate is pleased to present this Investment Opportunity in Richmond, KY that is 100% occupied. Southern Hills Plaza is a highly visible site and conveniently located along Richmond's Eastern Bypass and boasts significant traffic counts. The building is approximately 25,775 SF and the large site size offers ample parking for the retail tenants. The property, purchased in 2006, has maintained stable occupancy. The property holds tremendous value-add potential with an average rental rate below the current market rate and the opportunity to restructure the leases.
    Exterior Features

    Dock Doors 0 Drive In Doors 0 Lot Expansion Sq Ft 0

    Interior Features

    Elevator Capacity 0 Floors Serviced 0 Restrooms Mens 0 Restrooms Womens 0 Sq Ft Building 25775 Sq Ft Common Area 0 Sq Ft Gross Leasable 0 Sq Ft Office 0 Sq Ft Retail 0 Sq Ft Warehouse 0 Water Heater Size 0

    Property Features

    Adv License And Permit 0 Annual Rent 0 Building Expansion Sq Ft 0 Cash Flow Before Tax 0 Ceiling Height 0 Credit Losses And Vacancy 0 Current Zoning C Electric 0 Elevator Services 0 Fuel Expense 0 Gas Pipe Size 0 Gross Operating Income 0 Gross Scheduled Rent Income 0 Janitorial Services 0 Land Lease 0 Lawn Services 0 Less Operating Expense 0 Net Operating Income 0 Occupancy 100 Occupant Type Tenant Other Income 0 Payroll 0 Personal Property Taxes 0 Property Insurance 0 Property Management 0 Property Subtype1 Retail Real Estate Taxes 0 Repairs And Maintenance 0 Rubbish Services 0 Sewer And Water 0 Tax Rate 11.4135 Telephone 0 Terms Sale Total Annual Debt Service 0 Total Gross Income 0 Total Operating Expense 0 Water Pipe Size 0 Year Built Exception Unknown

    Listing provided courtesy of Gregory Leveridge of Block + Lot Real Estate. Listing information © 2018 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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