Bank-Owned Medical Office Building in Pikeville, KY

Office for Sale
Catylist Listing ID: 30040898
Property Subtypes: Medical, Office Building
Building Size (RSF): 6,637 SF
Gross Building Area: See Agent
Sale Price: $1,200,000
Unit Price: $180.80 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/22/2017

Overview / Comments

PRG is pleased to present this bank-owned medical office building located in Pikeville, KY. The property is located in the prime commercial corridor in Pikeville.

The building was constructed in 2004 with renovations and additions performed in 2012 and 2014. It contains approximately 6,637 sf and sits on a sizable 1.2 acre parcel. The building is suitable for medical use or a different type of office user.

This is a rare opportunity in the sub-market to acquire a relatively newer asset.

It is offered as part of a bank-owned portfolio that includes 4 other medical office buildings located throughout the state, or it could be purchased separately.

Additional Details

Nearest MSA: London
County: Pike
Zoning: N/A

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 739 4,955 14,523
Median Age: 37.84 39.69 37.53
Households: 296 1,976 5,953

Source

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