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102-112 W Short Street, Lexington, KY 40507

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For Sale
Sale Pending

$1,200,000

0.12 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • 0.1 acres
    Lot size

Explore this Property

We are pleased to present this rarely available, high barrier for entry offering in the heart of downtown Lexington. This prime location serves as parking for the surrounding retail and office that serve downtown Lexington. Stabilized income, NNN Lease structure with BG Parking Partners LLC strong credit serve this offering through December 31, 2028, As well, the Owner enjoys the option to terminate with 30 days notice to Tenant, lending flexibility to buyer as opportunity for new owner to lease to a similar/different professional parking business or redevelop the site at buyer discretion. Buyer agent fee not included in offered price. -Located in theDesignated Opportunity Zone for Lexington, Kentucky -Heart of Downtown Lexington, surrounded by retail, office, and residential -Rarely available purchase opportunity with beneficial Lease structure to Landlord and multitude of possibilities for new owner -NOI of $72,000, contact agent for financial and lease detail -Value add potential through increased rents -15 Parking Spaces -Opportunity to maintain stabilized parking income or to redevelop the site -Landlord beneficial Lease structure -Loan Assumption possibility
MLS# 25018559

Courtesy Of Block + Lot Real Estate

(859) 309-0099

Property Features

  • Architecture Style
    Other
  • Lot Size
    0.12 Acres

Map and Directions

Directions to 102-112 W Short Street, Lexington, KY 40507

Home seller CENTURY 21 Simpson & Associates

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Simpson & Associates

(502) 223-1600
Learn More About Us

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Monthly Payment Breakdown

  • Principle and Interest
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  • Property Taxes
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  • Hazard Insurance
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.