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201 Kings Way

London, KY 40741
  • $1,150,000
  • STATUS: Active
  • ON SITE: 871 Days
  • MLS #: 1912756
UPDATED: 60 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 Robin Jones Group | Keller Williams Legacy Group 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.sellkentucky.com/homes/95574928
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201 Kings Way London, KY 40741

  • Price: $1,150,000
  • Status: Active
  • Updated: 60 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 Kentucky Wide Realty. 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 Robin Jones Group | Keller Williams Legacy Group 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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