1055 Dove Run Road

Office for Sale
Sale Pending
Catylist Listing ID: 30791158
Property Subtypes: Executive Suites, Medical, Office Building
Status: Pending
Building Size (RSF): 7,787 SF
Gross Building Area: See Agent
Gross Land Area: 0.52 Acres
Sale Price: $1,630,000
Unit Price: $209.32 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller, Other
Cap Rate: 7.0%
Last Updated: 6/29/2022

Overview / Comments

1055 Dove Run Road is a 100% occupied, modified-net leased, multi-tenant investment property located off of Tates Creek Road. The 7,787 SF two-story office building was constructed in 1972, sits on 0.52 acres, and is zoned P-1 (Professional Office). The building has a 28-space parking lot, and tenants have 24/7 access to the property. The building is anchored by Concentra Health Services, Inc. and has individual executive office suites on the first and second floor. The individual office tenants consist of medical, IT consulting, sales, and education uses. Inquire with agent for Confidential Offering Memorandum with financials, rent roll, etc.

Property Highlights:
-100% Occupied
-Modified Net Investment
-Excellent Location
-Anchored by Concentra

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Tax ID/APN: 13995750
Zoning: P-1
Property Visibility: Excellent
Area Description: This property is conveniently located in the Southeast corridor of Lexington, on Dove Run Road off of Tates Creek Road. The property is close in proximity to Lansdowne Shoppes and has great access to New Circle Road. Trade Area business include: Fresh Market, Baskin Robbins, Halmark, Traditional Bank, Rite Aid, Truist, Malones, Drakes, Malones Prime, Pirie, The Mouse Trap, Prive Med Spa, Bank of Lexington, JP Morgan Chase, WesBanco, Forcht Bank, Central Bank, and more.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1972
Total Parking Spaces: 28
Heat Type: Electricity
Heat Source: Central
Zoning Description: Professional Office

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,198 139,448 248,596
Median Age: 35.49 34.32 35.5
Households: 8,947 60,855 105,494
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