201 Kings Way, London, KY 40741
$1,000,000
Property Type:
Commercial Sale
Lot Size (sq. ft.):
21,780
Status:
Closed
Current Price:
$1,000,000
List Date:
6/05/2019
Last Modified:
9/03/2025
Overview
Description
Listing Details MLS# 1912756
Status Change Information
- Price Change Timestamp
- 2019-06-20T15:40:20Z
- Status Change Timestamp
- 2021-12-11
- Purchase Contract Date
- 2021-06-15
- Close Date
- 2021-08-31
- Close Price
- 1000000
Address
- County
- Laurel
- Street Number
- 201
- Street Name
- Kings
- Street Suffix
- Way
- State
- KY
- Zip Code
- 40741
Contract
- Original List Price
- 1150
- Start Showing Date
- 2019-06-04
- Listing Contract Date
- 2019-06-04
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
- Office Exclusive YN
- No
- SP/LP
- 0.87
Tax Legal
- MLS Area Major
- 044 - Laurel County
- Subdivision Name
- Commercial
Parking Information
- Parking Total
- 20
Building
- Year Built
- 2002
- Stories Total
- Yes
More Information
Lot
- Lot Size Acres
- 0.5
- Lot Size Square Feet
- 21780.02
Remarks
- Public Remarks
- 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.
Building and Property Details
- Lot Expansion Potential YN
- Yes
- # of Men's Restrooms
- Yes
- # of Women's Restrooms
- Yes
Showing Information
- Showing Instructions
- Call listing agent 606-224-4343
Tax & Legal
- Tax Rate
- 9.19
- Zoning Description
- Commercial
- 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.
Utilities
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
- Sewer Connected
- Yes
- Water Connected
- Yes
Construction Materials
- Brick
- Yes
Possession
- Close Of Escrow
- Yes
Sewer
- Public Sewer
- Yes
Special Listing Conditions
- Standard
- Yes
Business Type
- Restaurant
- Yes
Sale Includes
- Building(s)
- Yes
- Land
- Yes
Tenant Pays
- Common Area Maintenance
- Yes
- Electricity
- Yes
- Exterior Maintenance
- Yes
- Gas
- Yes
- Insurance
- Yes
- Interior Maintenance
- Yes
- Sewer
- Yes
- Taxes
- Yes
- Trash Collection
- Yes
- Water
- Yes
Property Features
Utilities:
Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Business Type:
Restaurant
Construction Materials:
Brick
Possession:
Close Of Escrow
Sale Includes:
Building(s); Land
Sewer:
Public Sewer
Special Listing Conditions:
Standard
Tenant Pays:
Common Area Maintenance; Electricity; Exterior Maintenance; Gas; Insurance; Interior Maintenance; Sewer; Taxes; Trash Collection; Water
Listing Office:
Kentucky Wide Realty
Last Updated: September - 03 - 2025
Information deemed reliable but not guaranteed.