Gregory Leveridge

Co-Founder and Principal Broker of @blockandlot | Residential and Commercial Real Estate

[Gregory Leveridge @KYRealEstatePro]

Working with @grok today for renderings to help market vacant land listings.

For complete listing profile visit: https://t.co/tEGPFyv3jX

#versaillesKY #KentuckyRealEstate #CommercialRealEstate #LandForSale #DevelopmentSite #RetailOpportunity #LexingtonKY #NewListing

[Gregory Leveridge @KYRealEstatePro]

Just listed, rarely available PRIME retail zoned land in Bowling Green, KY

13.7 Acres just off Interstate and Scottsville Rd

$10,327,500 @ $750K/acre

Opportunity for developer of various retail and mixed use including restaurants/QSR, banks, hotel, medical office, apartments #CRE #BowlingGreen

https://t.co/TudKzSSLbH

[Aubrey Strobel @aubreystrobel]

imagine carrying a baby for 9 months and naming it Greg

[Gregory Leveridge @KYRealEstatePro]

Deal Story:

@Chipotle is coming to Winchester!

As seller rep, and with great local excitement, we closed this week on the sale of a 1.59 acre Bypass frontage lot in Winchester, KY, to a developer for what will be Chipotle's entry to the Winchester, KY market.

Needing only .78 acres for its site, this deal displayed the critical importance of efficiency within every portion of a land mass sale and is allowing the purchaser the opportunity to recoup some of its acquisition cost by now listing with us the balance of the land at .81 acres with an asking price of $375,000.

With water retention in place on site, this .81 acre site is approximately .5 acres developable, making a great opportunity for another QSR such as coffee or other small drive through type uses. The land is one of only two remaining Bypass frontage lots in all of Winchester and details of the offering can be found via the link below:

https://t.co/Z4wwVN5CEg

[Gregory Leveridge @KYRealEstatePro]

@chamath @friedberg in the words of my 15 year old daughter, these strawberries are HIM

Like you, we love finding good fruits to eat. Check out @RoundSwampFarm in The Hamptons if you haven’t already 👌

[Gregory Leveridge @KYRealEstatePro]

@celestialbe1ng @SwaggerMonks Recommend 750iu /day? Idea labs has 400iu and 750iu, and reading conflicting information online about recommended daily dose

[Gregory Leveridge @KYRealEstatePro]

Took my dogs for a walk on the beach today by this East Hampton Estate for sale @ $44,500,000

Surreal having access to some of the most coveted real estate in the world. Saw maybe 5 people all morning, beach and backyard to ourselves.

https://t.co/juBGc9fis7

[Gregory Leveridge @KYRealEstatePro]

1 of those 4 now closed- Lot 7 at 1730 Bypass Rd. Will be a Mattress Store and Coffee shop, details TBA

3 remain pending, with projected 2024 closings. All will be exciting additions to the city of Winchester

[Gregory Leveridge @KYRealEstatePro]

Winchester has a big year ahead..

Of the 7 Bypass land listings we have for the Brooks family portfolio, 4 are currently under contract...

Each deal is either a preferred developer or owner/user for end uses including QSR, traditional retail, auto/retail, and one for special use category, to be announced later.

A welcome surprise to see this amount of development activity in spite of the many macro related headwinds currently in play from the increased interest rate environment, higher disposition cap rates, high construction costs, election year, etc..

@blockandlot #cre #retailnews #development #kentuckyrealestate #commercialrealestate

https://t.co/la4zzSx3sY

[Gregory Leveridge @KYRealEstatePro]

Deal Spotlight:

Unique listing agent leasing assignment of an asset owned by a JV Public/Private partnership between University of Kentucky and Signet Real Estate https://t.co/73yD4hAqda

New Construction following demo of a long standing block in the heart of UK’s campus (home of Kennedy Bookstore)

Mixed use as ground floor retail + parking garage + E-Sports arena, Lexington’s first

Pre-leasing efforts began during construction

Assignment was specific- only local tenants/business, no chains, for consecutive food hall stalls, a bar, and one traditional retail space

In so doing, the tenant roster is now complete and as follows:

@CupCommonWealth
https://t.co/Kiejfb20M6

Ethereal Slice House
https://t.co/9OZOLXKcLw

L8Nite Fast Food
https://t.co/rjSxJDlbjQ

Complet3D
https://t.co/kjt2fSL5b8

https://t.co/0aJ5U5ywU7

[Gregory Leveridge @KYRealEstatePro]

Leasing individual office units with shared common spaces like kitchenettes and bathrooms was an instant hit during the pandemic. We quickly leased all 5 offices at 161 N Limestone St in Lexington in 2020/2021, but as things go with typical market turnover 3 of those tenants have now left so we are offering them back on the market for the first time in several years. Details include:

3 Individual Third Floor Office Suites available ranging from 144 square feet to 176 square feet

Rents range from $600/month to $750/month, all in except internet and parking

TONS of parking in the immediate areas surrounding the property, ranging from street metered parking to pay per day or month parking ($93/month, $2.50/hr)

Shared kitchenette/break room and restrooms

Beautifully renovated three story building with private elevator access to third floor

Move out of the home office and write off this business expense with more privacy and with access to coffee shops, retail, and awesome restaurants and bars in the area

Listing Details can be found at:
https://t.co/eunIFFR0Rx

[Gregory Leveridge @KYRealEstatePro]

The kind of home you would move to another state for...

Beautiful 4BR/4.5Bath in Winchester, Kentucky

4,698 SF on 2.6 Acres with swimming pool

$975,000

Featured in Historic Homes Magazine, @circahouses and Old Homes Journal Magazine

Charm epitomized with modern updates and meticulous upkeeping

Love this home and sellers and can't wait to get it sold for them! Listing Information below:

https://t.co/NsGArI5niw

#whatonemilliondollarsgetsyou
#historichomes #beautifulhouses #homesforsale #realestatetips @rohindhar

[Gregory Leveridge @KYRealEstatePro]

Story of effective sales of retail properties at a land listing not being offered for sale:

Merchant Place, Richmond KY, is a Kohls anchored retail land development site, located off the bypass there in high residential and commercial density area

Approx 6 acres of out parcels were available for ground lease/BTS only, fronting the bypass, with an 8 acre co-anchor site next to Kohls available for sale @ $300K/acre

While owners did not prefer to sell the out parcels, they were open to offers based on the pricing guidance of the ground lease offering ($75K/acre/year)

Effective way to feel out the market, not commit to a price/value, weed out undesirable buyers/users, but remain open via my correspondence with interested parties to entertain various proposals

Recent out parcel sales include:
Speedway gas station, Popeye's Louisiana Chicken, and Domino's Pizza

Established comps/value there now at $750K/acre

Two out parcels remain, including the corner, which is undisputed highest value and will benefit from these sales

Listing/property info can be found at:
https://t.co/lvYuR87ub9

#cre #retail #land #realestate #kentuckyrealestate

[Gregory Leveridge @KYRealEstatePro]

simple tenant rep deal + strong community impact

Ria Rahardja is supremely talented and has brought a world of culture to Richmond, KY, and now to Lexington at her next retail location that is opening this month in Palomar Centre.

Menu offerings include specialty desserts like ube cakes (Filipino), macarons (French), boba or bubble tea (Taiwanese), milk tea, matcha and cream-top drinks (China, Japan), non-alcoholic mojitos and fruit teas, including lychee.

What initially began as pop ups throughout Central KY has caught on through Ria's commitment to her product and service. Very happy for her and her talented team and appreciative of the opportunity to work with them.

Ria stems from what I refer to as a "family tree" of restauranteurs here in Lexington that I have the pleasure of representing which include Miyako Sushi and Steakhouse, Miyako Poke Bowl, Kyoto, Bumble Bites, and Omakase (now 2 locations in Lexington).

#cre #tenantrep #commercialrealestate #retail #lexingtonky

Read more at: https://t.co/dw0kpFCSfn

https://t.co/XXvvQLcRWZ