$1,150,000

201 Kings Way

London KY, 40741

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.

Details

MLS#1912756
Sub-TypeResale
StatusActive
Year2002
Days On Site138

Features

Story(s)1
ZoningCommercial

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Area Information

StateKY
CountyLaurel
CityLondon
Zip Code40741
AreaLaurel County
Listing VS Median (in 40741)
Price:
$1,150,000
low | high
Med:
$94,750
100% of Average
On Site:
138
low | high
Med:
112
100% of Average
Listing Updated: 10/20/2019
MLS Number: 1912756
Listing Provided By:
Brenda Lawson  of  You Realtors