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
  • County
  • LAUREL
  • Style
  • Restaurant
  • Area
  • 044 - Laurel County
  • MLS#
  • 1912756
  • Zip
  • 40741
Listing Provided by: & You, Realtors
Data Source: Lexington - Bluegrass Association of REALTORS

Features

General

Area 044 - Laurel County
Business Type Restaurant
City London
Construction Materials Brick
County Laurel
Directions From I-75 South, get off exit 38, turn left onto Hwy 192. Look for property on left past Microtel Motel in Walmart shopping center.
Listingmembername Brenda Lawson
Listingofficephone (859) 224-4343
Parking 11 - 20 Spaces
Possession Close of Escrow
Property Type C
Sale/lease Includes Buildings, Land
Sewer Public Sewer
Status Active
Street Name Kings
Subdivision Commercial
Tax Rate 9.19
Tenant Pays CAM, Electricity, Exterior Maintenance, Gas, Insurance, Interior Maintenance, Sewer, Taxes, Trash Removal, Water
Terms Sale
Water Water Connected
Year Built 2002

Interior Features

Stories One
Utilities: Natural Gas Natural Gas Connected

Exterior Features

Lot Size Acres 0.5000
Lot Size Square Feet 21780.02
Mls Identifier 20180201170722572567000000
Sewer Sewer Connected

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • 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

$2,869

Per Month

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

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 3.25% 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

2/4/2021 Listed $1,150,000

Property vs Zip Code Average in 40741

Price
AVG $460K
$1.15M
Visits
AVG 55
39
Year Built
AVG 1991
2002
Walkscore
AVG 27
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 3.25% 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.