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500-502+ E Seventh Street

Lexington, KY 40505
  • $1,000,000
  • STATUS: Active
  • ON SITE: 172 Days
  • MLS #: 22007256
UPDATED: 61 min ago
$1,000,000
  • 0
    BEDS
  • 0.43
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1964
County:

School Ratings & Info

Description

New Price does not include Inventory. Property includes a very profitable liquor store, a 1967 sq. ft Bedford stone vacant house and enough land to build a 4 or 8 plex. The property owner has operated the liquor store for 10 years and has a loyal clientele. The Bedford stone house is used for store storage. The 7,500 square feet of raw land has the potential for a 4 or 8 plex in order to provide additional income. The liquor store only operates with one drive-thru window. There is another drive-thru window and sufficient kitchen equipment to provide breakfast and lunchIn the 3 years of Profit and Loss Statements, 'Inventory purchases were not included under expenses, but were SUBTRACTED FROM ANNUAL INCOME. This is misleading and does not highlight the attractive annual income.''Owner will subdivide the liquor store from the house and adjoining land.' The purchase price of the house and land is $197,000.

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Lexington-Bluegrass Association of Realtors logo 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/127752584
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500-502+ E Seventh Street Lexington, KY 40505

  • Price: $1,000,000
  • Status: Active
  • On Site: 172 Days
  • Updated: 61 min ago
  • MLS #: 22007256
0
Beds
0
Baths
0
½ Baths
0.43
Acres
1964
Built
Neighborhood:
Downtown
County:
Fayette
Area:
Fayette County Ne 2
Property Description
New Price does not include Inventory. Property includes a very profitable liquor store, a 1967 sq. ft Bedford stone vacant house and enough land to build a 4 or 8 plex. The property owner has operated the liquor store for 10 years and has a loyal clientele. The Bedford stone house is used for store storage. The 7,500 square feet of raw land has the potential for a 4 or 8 plex in order to provide additional income. The liquor store only operates with one drive-thru window. There is another drive-thru window and sufficient kitchen equipment to provide breakfast and lunchIn the 3 years of Profit and Loss Statements, 'Inventory purchases were not included under expenses, but were SUBTRACTED FROM ANNUAL INCOME. This is misleading and does not highlight the attractive annual income.''Owner will subdivide the liquor store from the house and adjoining land.' The purchase price of the house and land is $197,000.
Exterior Features

Construction Materials BlockWood Siding Docks None Inground Tank No Number Of Dock Doors 0 Number Of Drive In Doors 0 Parking 6 - 10 SpacesOn SitePaved Roof Rubber Stories One

Interior Features

Building Square Footage 2091 Ceiling Dropped Ceiling Height 810 Floor Type Concrete Number Of Floors Serviced 1 Number Of Mens Restrooms 1 Number Of Womens Restrooms 1 Sprinklers None

Property Features

Business Type Retail Current Zoning R-3 Electricity Location Rear Of Property Electricity Phase 3 Phase Possession Close Of Escrow Sale Lease Includes BuildingsBusinessFixturesInventoryLandLicenses Sewer Public Sewer Tax Rate 1.2727 Terms Conventional Utilities Telephone

Lexington-Bluegrass Association of Realtors logo Listing provided courtesy of Andrew C Strickland of Turf Town Properties: (859) 268-4663 . Listing information © 2022 LBAR Multiple Listing Service. All rights reserved.
Lexington-Bluegrass Association of Realtors logo 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