Freestanding Building

131 Marlene Drive Nicholasville, KY 40356

131 Marlene Drive, Nicholasville, KY, 40356
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FOR SALE
Property Type:
Free Standing Building
Amount:
$3,790,000
Last Verified:
Mar 04, 2021

Highlights

  • Great opportunity available in Brannon Crossing!
  • +/-30,667 SF freestanding building on +/-2.4 acres for sale
  • First floor (+/-20,667 SF) primarily consists of open retail space, two rear offices and restrooms
  • Second floor includes a +/-10,000 SF mezzanine (offices, restrooms and warehouse)
  • Built in 2007
  • 68 on-site parking spaces
  • Excellent visibility in front of Brannon Crossing
  • Adjacent to Bob Evans and Kroger
  • Sale Price: $4,250,000 REDUCED TO $3,790,000

Description

NAI Isaac is pleased to present a +/-30,667 SF freestanding building (+/-20,667 SF footprint with a +/-10,000 SF mezzanine) with parking on +/-2.4 acres for sale within the Brannon Crossing development. Brannon Crossing is on Highway US 27 just one mile south of Man O' War Boulevard, the 100+ acre development is strategically located on Lexington's and Nicholasville's busiest roadway. This development attracts customers from Lexington, Nicholasville, and surrounding counties as a destination for dining, shopping and entertainment. Major draws for the center include one of the largest Kroger supermarkets in Kentucky, Hobby Lobby, Petsmart, HomeGoods, Marshalls and numerous successful restaurants and retailers.

Nicholasville offers an outstanding location bordering the southern Lexington/Fayette County line. Nicholasville Road south of Lexington to the Nicholasville CBD is a cost effective location for businesses that want to service and be close to south Lexington customers. Commercial development along this section of Nicholasville Road includes highway oriented retail businesses, restaurants, light industrial parks, auto dealerships, churches, and golf courses. Brannon Crossing is the retail development on Nicholasville Road located closest to Fayette County. Recent road construction extends East Brannon Road to Tates Creek Road which will increase easy access to Brannon Crossing for more areas of south Lexington.

Brannon Crossing is located on Nicholasville Road (US 27) in Jessamine County just south of the Fayette County line. US 27 is a primary traffic artery (56,100 AADT) in Central KY connecting Lexington with Nicholasville and other communities to the south. For the past several decades, a large portion of Lexington’s residential growth has been focused on the south side and Nicholasville has experienced commercial growth northward. Nicholasville Road in Fayette County from Man O’ War Boulevard north to Southland Drive is Lexington’s busiest regional retail corridor with 74,921 AADT in front of Fayette Mall.


Year Built: 2007
Building Size: 30667sq ft
Lot Size: 2.4 acres

Map of 131 Marlene Drive, Nicholasville, KY, 40356

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.