201 Kings Way

London, KY
$ 1,150,000 Beds 0 Baths 0
Monthly Estimate* How much can I afford?

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.

Commercial

  • Price
  • $ 1,150,000
  • Lot Size
  • 0.5 Acres
  • Bedrooms
  • 0
  • Full Bathrooms
  • 0
  • Year Built
  • 2002
  • Half Bathrooms
  • 0
  • City, Zip
  • London
  • Taxes
  • 105685
  • County
  • LAUREL
  • Style
  • Restaurant
  • Area
  • Laurel County
  • MLS#
  • 1912756
  • Zip
  • 40741
Listing Provided by: & You, Realtors

Features

General

Board Loaded No
Construction Brick
MLS Area Laurel County
Possession Close Of Escrow
Property SubType Restaurant
Property Type Comm/Prof/Ind
Region Areas
Sub Lease Expiration Date 1800-01-01T00:00:00
Subdivision Name Commercial
Tax Rate 9.19
Tenant Pays Electric, Gas, Water, Sewer, Trash Removal, Taxes, Insurance, CAM, Interior Maintenance, Exterior Maintenance
Terms Sale
Year Built 2002
Zoning Description Commercial

Interior Features

Living Area 0.00
Mens Restrooms 1
Stories One
Utilities Electricity Connected, Natural Gas Connected, Water Connected
Womens Restrooms 1

Exterior Features

Bathrooms 0.00
Lot Expan Potential No
Lot Size Acres 0.50
Lot Size Square Feet 21780.00
Lot Size Units Acres
Parking Features 11 - 20 Spaces
Sewer Sewer Connected, City

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the London, KY office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

2/13/2020 Listed $1,150,000

Property vs Zip Code Average in 40741

Price
AVG $470K
$1.15M
Taxes
AVG $36,952
$105,685
Visits
AVG 13
3
Year Built
AVG 1985
2002
Walkscore
AVG 26
44
Data Provided by Walkscore ® not using MLS data

Map

201 Kings Way London, KY is a Single Family Home for sale at $1150000 and a lot size of 0.5 Acres Acre(s). 201 Kings Way London has 0 bedrooms, 0 baths and was built in 2002. The property's zip code is 40741 which is in London, KY

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.