Adaptive Reuse / Opportunity Zone Asset Lexington, KY

$2,900,000
Property type: Commercial Property

Description

This offering includes the following addresses. 256 Newtown Pike, 606 W. Third Street, 610 – 620 W. Third Street, all of which occupy the highly visible corner of Newtown Pike and W. Third. This offering includes two vacant lots and three buildings located at the 610-620 w. Third Street address. Building one is a wonderful, timber frame structure of approximately 9,000 square feet. Incredible street presence and character, this building is ready for renovation to benefit this popular neighborhood. The second and third buildings are occupied by business tenants. The best way to truly understand this property is to schedule a tour with the listing agent. This property is zoned I-1 but is in the Adaptive Reuse Program so it has all the B-4 possibilities as well. It is also in a Kentucky Opportunity Zone. Close to Downtown activities, Transylvania University and Jefferson Street dining. Must see to appreciate.

MLS Listing #1923725

Contact the Agent

Fred Pfister

Senior Vice President/Broker Associate
Fredrick Pfister has over 30 years of professional marketing experience servicing national franchise and corporate entities in Central Kentucky. His areas of real estate expertise include industrial, office, land, hotel and retail sales. He started his post college career as an advertising account executive in Cincinnati, Ohio, where he worked with international businesses and financial institutions that taught him the value of long-term planning and goal setting. As a national franchisee in the automotive and fast food industry, Fred experienced the value of implementing proven systems to achieve brand continuity. And as an independent retailer he learned that location demographics, cost controls and impeccable customer service are imperative for business success. “In my current real estate position, I harness all of my previous experiences to ensure my clients get the best of me they can. Their success is my success — and I consider it a privilege to serve them…