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Available For Sale - Retail

217,292 SF | Show Pricing $

AVAILABILITY DETAILS

Size
217,292 SF
Price/SF
Show Pricing $
Listing ID
SA381518
Notes
SVN Stone Commercial Real Estate is pleased to present this opportunity to purchase Mist Lake Plaza, a former Walmart anchored retail center in Lexington, KY. This property is located at the heavily trafficked intersection of Richmond Rd (38,391 VPD) and Man O’ War Blvd (46,803 VPD). This prime location, adjacent to a high-volume Kroger anchored shopping center (211,070+ SF), features 15 commercial spaces totaling 217,292 SF on 24.71 acres. At the intersection of two of Lexington's busiest thoroughfares, the property is minutes from I-75 and I-64. The property has an additional pending 10 Year NNN ground lease on former Walmart outlot. Mist Lake Plaza represents a rare opportunity for redevelopment in a major Lexington retail corridor. Currently, the property has +/- 147,692 SF of vacancy upside, including the former Walmart space (approx. 125,442 SF), and is offered below replacement cost value. The property includes 0.47 acres at 440 Patchen Drive zoned R-3 for future development.
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Matt Stone CCIM SIOR MBA, SVN | Stone Commercial Real Estate