UK Campus Retail Investment

341 South Limestone Lexington, KY 40508

341 South Limestone, Lexington, KY, 40508
341 South Limestone, Lexington, KY, 40508 341 South Limestone, Lexington, KY, 40508 341 South Limestone, Lexington, KY, 40508 341 South Limestone, Lexington, KY, 40508 341 South Limestone, Lexington, KY, 40508 341 South Limestone, Lexington, KY, 40508 341 South Limestone, Lexington, KY, 40508 341 South Limestone, Lexington, KY, 40508
FOR SALE
Property Type:
Street Retail
Amount:
$1,500,000
Last Verified:
Nov 05, 2024

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Highlights

  • Rare investment opportunity on the campus of the University of Kentucky
  • +/-2,723 SF single-tenant retail building situated on hard corner of Pine Street and South Limestone
  • New long term lease in place to Okome Asian Grill
  • One-story brick building with superior quality construction
  • Located in the heart of the University of Kentucky campus
  • Adjacent to Chipotle, McDonald's, Target, Local Taco, Tin Roof, The Hub, Raising Canes and more
  • The Hub on Campus Lexington is a new +/-273,412 SF luxury apartment complex that includes 154 units with 492 beds and a 19,981 SF small-format Target store, the first in Kentucky
  • +/-10,563 VPD on South Limestone near the site
  • Zoned B-1, Neighborhood Business
  • Sale Price: $1,500,000 REDUCED!

Description

NAI Isaac is pleased to present an investment opportunity located in the heart of the University of Kentucky campus. A +/-2,723 SF single-tenant retail building with long term lease to Okome Asian Grill, situated on hard corner of Pine Street and South Limestone adjacent to Chipotle, McDonald's, Target, Local Taco, Tin Roof, The Hub, Raising Canes and more. The Hub is a new +/-273,412 SF luxury apartment complex that includes 154 units with 492 beds and a 19,981 SF small-format Target store, the first in Kentucky. Close proximity to the UK Student Center that includes Barnes & Noble College that operates 782 campus bookstores nationwide and UK Healthcare Good Samaritan Hospital, a 180 licensed beds acute-care facility with more than 600 clinical and ancillary staff and a medical staff of more than 600 physicians.

Located on South Limestone adjacent to Chipotle, McDonald's, Target and The Hub. Hub on Campus Lexington is a new +/-273,412 SF luxury apartment complex that includes 154 units with 492 beds and a 19,981 SF small-format Target store, the first in Kentucky. Close proximity to the UK Student Center that includes Barnes & Noble College that operates 782 campus bookstores nationwide and UK Healthcare Good Samaritan Hospital, a 180 licensed beds acute-care facility with more than 600 clinical and ancillary staff and a medical staff of more than 600 physicians.


Year Built: 1965
Building Size: 2723sq ft
Lot Size: 0.11 acres


Documents

Offering Memorandum

Map of 341 South Limestone, Lexington, KY, 40508

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.