x
Address
201 Kings Way London, KY
Price
$ 1,150,000
Property Attributes
  • MLS#1912756
  • TypeCommercial
  • CountyLAUREL
  • CityLondon
  • AreaLaurel County
  • Zip40741
  • StyleRestaurant
  • Year Built2002
  • Taxes105685
  • Price$ 1,150,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.5 Acres
Listing Provided Courtesy Of:
& You, Realtors
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.

Price History
6/5/2019 Listed $1,150

General Features

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

Property vs Zip Code Average in 40741

Price
AVG $330K
$1.15M
Taxes
AVG $16,504
$105,685
Visits
AVG 33
7
Year Built
AVG 1995
2002
Walkscore
AVG 28
44
Data Provided by Walkscore ® not using MLS data

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