29-Pad Mobile Home Park on ±6 Acres

2070 Lexington Rd,
Nicholasville, KY 40356

Asset Snapshot

2004

Year Built

Floor Count

6.20 Acres

Land Area

Offering Summary

Investment Overview

SVN | Stone Commercial Real Estate is pleased to present Bailey’s Mobile Home Park for sale. Located at 2070 Lexington Road in Nicholasville, Jessamine County, Kentucky, the property features 29 mobile home pads, 28 of which are leased, situated on approximately 6 acres zoned R-3 for mobile home use. The property also includes a 0.67-acre B-1 commercially zoned frontage lot along US Highway 27. The park suits a mobile home park operator or income investor, and parks like it rarely come to the market in Central Kentucky. It is pad-rent only: 28 of the park’s 29 pads are leased on month-to-month leases averaging $386, well below the $500 market rate. Tenants pay their own electric, the park runs on a self-contained septic system with new septic lines and a new pump in 2026, and a Lamar billboard lease adds $1,500 a year. A buyer can add value by raising rents to market, billing water back to tenants and leasing the one remaining pad. Six additional pads currently used for the septic leach field could potentially be leased if the park is ever connected to public sewer. The park fronts US 27 (Lexington Road), 2.5 miles from downtown Nicholasville and 10 miles from downtown Lexington. Listed by Travis Rose, SVN | Stone Commercial Real Estate, 859-806-1591 // travis.rose@svn.com. Travis sells land, industrial warehouses and investment properties, including mobile home parks, across Central Kentucky.