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    201 Kings Way

    London, KY 40741
    • $1,150,000
    • STATUS: Active
    • ON SITE: 784 days
    • MLS #: 1912756
    UPDATED: 31 min ago
    $1,150,000
    • 0
      BEDS
    • 0.5
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    2002
    County:

    School Ratings & Info

    Description

    Great investment opportunity without all the hassle of the day to day issues. This property has a triple net lease for $7,000/mo. through 10/31/20 (7.3 cap) and $5,000 mo from 11/01/20 -6/30/22 (5.2 cap). Lessee pays all taxes, maintenance and insurance. Building and lot for sale. Very established restaurant. This is a free standing retail building with a private parking lot, located among several restaurants, stores and Walmart. Property has excellent exposure on major highway and just off of I-75.

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    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 The Lane Team | Bluegrass Sotheby's International Realty 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.laneteamky.com/homes/95574928
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    201 Kings Way London, KY 40741

    • Price: $1,150,000
    • Status: Active
    • Updated: 31 min ago
    • MLS #: 1912756
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.5
    Acres
    2002
    Built
    Neighborhood:
    Commercial
    County:
    Laurel
    Area:
    Laurel County
    Property Description
    Great investment opportunity without all the hassle of the day to day issues. This property has a triple net lease for $7,000/mo. through 10/31/20 (7.3 cap) and $5,000 mo from 11/01/20 -6/30/22 (5.2 cap). Lessee pays all taxes, maintenance and insurance. Building and lot for sale. Very established restaurant. This is a free standing retail building with a private parking lot, located among several restaurants, stores and Walmart. Property has excellent exposure on major highway and just off of I-75.
    Exterior Features

    Construction Materials Brick Parking 11 - 20 Spaces Stories One

    Interior Features

    Number Of Mens Restrooms 1 Number Of Womens Restrooms 1

    Property Features

    Building Info Lot Expansion Potential Business Type Restaurant Current Zoning Commercial Exchange No Exchange Possession Close Of Escrow Sale Lease Includes BuildingsLand Sewer Public Sewer Tax Rate 9.19 Tenant Pays CamElectricityExterior MaintenanceGasInsuranceInterior MaintenanceSewerTaxesTrash RemovalWater Terms Sale

    Listing provided courtesy of Brenda Lawson of & You, Realtors. Listing information © 2021 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 The Lane Team | Bluegrass Sotheby's International Realty 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.
     
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    The Lane Team | Bluegrass Sotheby's International Realty
    1999 Richmond Rd., Ste. 400
    Lexington KY, 40502