Property Description

Block + Lot is pleased to offer for sale Malabu Heights Plaza located at 2348-2358 Nicholasville Road in Lexington, KY. Malabu Heights consists of two retail strip buildings totaling 34,436 SF. Currently 96.08% occupied with 15 tenants, this investment provides an opportunity to spread risk through multiple internet resistant uses while also enabling the investor to add value in a highly stabilized retail market. Malabu Heights Plaza is located at 2348-2358 Nicholasville Road in Lexington, KY. The property is situated inside of New Circle Road in an irreplaceable and generational A+ location on Nicholasville Road. Nicholasville Road is Lexington’s primary retail corridor consisting of traffic counts of 43,989 (ADT). Nicholasville Road connects retail to the major health care systems, to the University of Kentucky, and to the Central Business District. The property is located approximately 1.8 miles from the University of Kentucky, which has over 28,000 students enrolled.

Address Map
US
KY
Fayette
Lexington
40503
Nicholasville
2348
Road
Additional Information
Fayette county se 3
127
Peter Barr
Block + Lot Real Estate
Lexington-bluegrass Association Of Realtors®
2
2.61 Sqft

Comm/prof/ind

2348 Nicholasville Road, Lexington, Kentucky 40503

34,436 Sqft
$9,630,000
Listing ID #1814485
Basic Details
Property Type : Comm/prof/ind
Property Subtype : Retail
Listing ID : 1814485
Price : $9,630,000
Square Footage : 34,436 Sqft
Year Built : 2006
Lot Area : 2.61 Acre
Status : Active
Agent Info
KY Prime Realty
232 S. College St. Harrodsburg, KY 40330
Contact Agent
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