Bank Owned Medical Office Building in Prime Location

Sold Office
Catylist Listing ID: 30040536
Property Subtypes: Medical, Office Building
Property Type: Office
Archived As: Sold

Overview / Comments

PRG is pleased to present this bank-owned medical office building in a prime location in Lexington, KY. The building is extremely well-located in a high traffic, exposure area on Nicholasville Road.

The property is located directly across the street from Central Baptist Hospital, in the heart of Lexington's highest concentration of medical service providers. It is just South of The University of Kentucky campus. The prior use was medical in nature. It is comprised of approximately 5,810 sf on .94 acres. It was constructed in 1986 and has undergone significant renovation since that time, and also contains excellent parking. The building is well-suited for another medical type user, but could also be converted to another office use or certain retail/service retail users.

This offering could also be purchased with 4 other medical office buildings owned by the same lender-owner, including the adjacent building at 1713 Nicholasville Road.

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


Photograph of Listing Agent

Reed B Weinberg

PRG Commercial Property Advisors KCREA Member
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