Todds Plaza

162 Old Todds Road Lexington, KY 40509

162 Old Todds Road, Lexington, KY, 40509
162 Old Todds Road, Lexington, KY, 40509
FOR SALE
Property Type:
Strip Center
Amount:
$2,595,000
Last Verified:
Feb 22, 2021

Highlights

  • Mix of retail & medical offices
  • Fully leased
  • Solid concrete construction
  • Individual heat & air for each unit
  • 43,576 VPD on Richmond Road
  • Next to Lowe's, restaurants, banks, retail, & office buildings
  • Current NOI is $193,000 and Cap becomes a 7.4%

Description

SVN Stone Commercial Real Estate is pleased to offer this fully leased Investment property FOR SALE. Great Annual Rents with Medical, Retail mix located along the commercial area of Richmond Road in Lexington, one of its major arteries, 43,576 vehicles per day. This Solid concrete construction consists of two street level spaces (4,990sf & 2,510sf) and four second floor spaces (685sf, 1,660sf, 2,295 sf & 3,131 sf). Elevator serves the second floor spaces. All units have individual heat pumps for heat and air, as well as, private bathrooms. For a review of the financials or to set up a tour of the property please contact Earl Brady or Neal Metcalfe 859-264-0888.

Commercial area of Richmond Road in Lexington, one of its major arteries, 43,576 vehicles per day. Next to Lowe's and many restaurants, banks, retail and office buildings.

Lexington, Kentucky has been rated as one of America's premier cities by some of the most noted and revered industry standard-bearers, such as Forbes magazine, the U.S. Census Bureau, Cognetics consulting group, Dun & Bradstreet, Ladies Home Journal, and Places Rated Almanac - just to name a few. Most people think of rolling countryside with stone fences, great basketball action, horse farms, Thoroughbred racing at Keeneland, a diverse economy, and outstanding schools, colleges and universities.Our community ranks high in quality of life factors, such as health care, public safety, educational attainment, and quality family living. The area also measures high among the best places for business location, creativity, entrepreneurial growth, and career relocation. Residents of competing cities view Lexington as a beautiful place, with great schools, an innovative health care system, a strong economy, and mountains of potential.


Year Built: 2005
Building Size: 16000sq ft
Building Class: A
Lot Size: 0.8 acres

Map of 162 Old Todds Road, Lexington, KY, 40509

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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:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.