500-502+ East Seventh Street

Lexington

$1,000,000

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About This Property

0 Beds
0 Baths
.43 Acres
0 Garages

New Price does not include Inventory. Property includes a very profitable liquor store, a 1967 sq. ft Bedford stone vacant house and enough land to build a 4 or 8 plex. The property owner has operated the liquor store for 10 years and has a loyal clientele. The Bedford stone house is used for store storage. The 7,500 square feet of raw land has the potential for a 4 or 8 plex in order to provide additional income. The liquor store only operates with one drive-thru window. There is another drive-thru window and sufficient kitchen equipment to provide breakfast and lunchIn the 3 years of Profit and Loss Statements, 'Inventory purchases were not included under expenses, but were SUBTRACTED FROM ANNUAL INCOME. This is misleading and does not highlight the attractive annual income.''Owner will subdivide the liquor store from the house and adjoining land.' The purchase price of the house and land is $197,000.

Essential Information
MLS® #22007256
Price$1,000,000
Acres0.43
Year Built1964
TypeComm/Prof/Ind
Sub-TypeRetail
StatusActive
Community Information
Address500-502+ East Seventh Street
AreaFayette County NE
SubdivisionDowntown
CityLexington
CountyFayette
StateKY
Zip Code40505
Amenities
UtilitiesTelephone
ParkingOn Site, 6 - 10 Spaces, Paved
Interior
StoriesOne
Exterior
RoofRubber
ConstructionBlock, Wood Siding
Additional Information
Date ListedApril 15th, 2022
ZoningR-3
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Listing Provided Courtesy of: Turf Town Properties

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