# 1951 N Broadway, Lexington, KY 40505

> **TL;DR:** commercial, $1,170,000 ($450/sqft), built 1968, 2,600 sqft. Est. $5,070/mo. Listed 808 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,170,000 |
| Price/sqft | $450 |
| Square Feet | 2,600 |
| Year Built | 1968 |
| Lot Size | 56,628 sqft (1.30 acres) |
| Property Type | Commercial (Retail) |
| Status | For Sale |
| Days on Market | 808 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $5,070 |
| **Total** | **$5,070** |

## Property Highlights

- Built in 1968
- 1.30 acre lot

## Description

### Agent Description
We are excited to offer 1.3 acres of flat, retail land off of N. Broadway for sale. The property is conveniently located just off Interstates 75/64 and only 0.8 miles from Downtown Lexington, and is conducive to redevelopment or to be used as is. The 2,600 SF former restaurant is currently leased until September 31, 2028 on a NNN lease to a home delivery meal service (Tenant pays property insurance and common area maintenance, and 60% of the property tax bill), and the back portion of the property to a food truck which is on a month-to-month agreement. The total income is $55,200/year with increases each year. Landlord is only responsible for roof and structure, 40% of the property tax bill, and maintaining the parking lot area leased to food trucks. The existing restaurant features many recent improvements and is in excellent condition, fully equipped. This would be a great opportunity for a future owner occupant or developer looking to enjoy income until taking over, or a buyer looking for future value add potential through the current tenancies. Immediately surrounding the site is a Shell gas station, Marathon gas station, and Days Inn and Suites.

## Location

- **Address:** 1951 N Broadway, Lexington, KY 40505
- **County:** Fayette
- **Neighborhood:** Commercial
- **Coordinates:** 38.074909, -84.459268
- **Google Maps:** https://www.google.com/maps?q=38.074909,-84.459268

## Listing Agent

- **Name:** Gregory Leveridge
- **Brokerage:** Block + Lot Real Estate
- **Phone:** 8594218959
- **Email:** greg@balrealestate.com

## Primary Photo

![1951 N Broadway - Primary Photo](http://lh.rdcpix.com/48633888cd4e1d836046142c13547631l-f3779503218r.jpg)

*20 total photos available on [listing page](https://www.propertysimple.com/listing/1951-n-broadway-lexington-ky-40505-24001239)*

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**MLS#:** 24001239 | **Updated:** 2026-04-25
**Source:** listhub

*Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1951-n-broadway-lexington-ky-40505-24001239)

---

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  "description": "We are excited to offer 1.3 acres of flat, retail land off of N. Broadway for sale. The property is conveniently located just off Interstates 75/64 and only 0.8 miles from Downtown Lexington, and is conducive to redevelopment or to be used as is. The 2,600 SF former restaurant is currently leased until September 31, 2028 on a NNN lease to a home delivery meal service (Tenant pays property insurance and common area maintenance, and 60% of the property tax bill), and the back portion of the proper",
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