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    201 Kings Way

    London, KY 40741
    • $1,150,000
    • STATUS: Active
    • ON SITE: 476 days
    • MLS #: 1912756
    UPDATED: 52 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 Judd Hisel | Ciara Hagedorn | Better Homes & Gardens Real Estate Cypress 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.comehometolex.com/homes/95574928
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    201 Kings Way London, KY 40741

    • Price: $1,150,000
    • Status: Active
    • Updated: 52 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 Brick Dock Doors 0 Drive In Doors 0 Lot Expansion Potential No Lot Expansion Sq Ft 0 Parking 11 - 20 Spaces Stories One

    Interior Features

    Elevator Capacity 0 Floors Serviced 0 Restrooms Mens 1 Restrooms Womens 1 Sq Ft Building 0 Sq Ft Common Area 0 Sq Ft Gross Leasable 0 Sq Ft Office 0 Sq Ft Retail 0 Sq Ft Warehouse 0 Water Heater Size 0

    Property Features

    Adv License And Permit 0 Annual Rent 0 Building Expansion Sq Ft 0 Cash Flow Before Tax 0 Ceiling Height 0 Credit Losses And Vacancy 0 Current Zoning Commercial Electric 0 Elevator Services 0 Exchange No Exchange Fuel Expense 0 Gas Pipe Size 0 Gross Operating Income 0 Gross Scheduled Rent Income 0 Janitorial Services 0 Land Lease 0 Lawn Services 0 Less Operating Expense 0 Net Operating Income 0 Occupancy 0 Occupant Type Tenant Other Income 0 Payroll 0 Personal Property Taxes 0 Possession Close Of Escrow Property Insurance 0 Property Management 0 Property Subtype1 Restaurant Real Estate Taxes 0 Repairs And Maintenance 0 Rubbish Services 0 Sale Or Lease Includes BuildingsLand Sewer Sewer ConnectedCity Sewer And Water 0 Tax Rate 9.19 Telephone 0 Tenant Pays ElectricGasWaterSewerTrash RemovalTaxesInsuranceCamInterior MaintenanceExterior Maintenance Terms Sale Total Annual Debt Service 0 Total Gross Income 0 Total Operating Expense 0 Utilities On Site Electricity ConnectedNatural Gas ConnectedWater Connected Water Pipe Size 0

    Listing provided courtesy of Brenda Lawson of & You, Realtors. Listing information © 2020 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 Judd Hisel | Ciara Hagedorn | Better Homes & Gardens Real Estate Cypress 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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    Judd Hisel | Ciara Hagedorn | Better Homes & Gardens Real Estate Cypress
    3221 Summit Square Place, Suite 200
    Lexington KY, 40509