Bank-Owned Portfolio of Kentucky Medical Office Buildings

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30040490
Property Subtypes: Medical, Office Building
Status: Pending/Contingent
Building Size (RSF): 6,931 SF
Gross Building Area: See Agent
Sale Price: $890,000 - 1,450,000
Unit Price: $128.41 - 209.21 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/4/2017

Overview / Comments

PRG Commercial Property Advisors is pleased to present this bank-owned portfolio of medical office buildings located throughout several markets in Kentucky. All properties are well-located in prime commercial locations in their sub-markets, some with very close proximity to a hospital. These properties may be purchased together as a package or separately. All buildings have been either constructed or renovated within the past 15 years.

This presents the chance for an investor or owner-user to acquire newer construction or renovated properties that stand-out as rare opportunities in their respective sub-markets. The locations are as follows:

-1713 Nicholasville Road- Lexington, KY; 5,890 sf; $1,450,000

-1721 Nicholasville Road- Lexington, KY; 5,810 sf; $1,250,000

-189 West Highway 192- London, KY; 5,622 sf; $890,000

-7160 N Mayo Trail- Pikeville, KY; 6,637 sf; $1,200,000

-320 Morton Blvd- Hazard, KY; 6,931 sf; $1,000,000

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Zoning: P1

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,700 143,368 263,381
Median Age: 31.38 35.23 35.43
Households: 5,909 62,204 111,468
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