Free-Standing Office Near UK Campus For Sale or Lease

Office for Sale
Catylist Listing ID: 30791496
Property Subtypes: Medical, Office Building
Building Size (RSF): 18,208 SF
Sale Price: $1,500,000
Unit Price: $82.38 PSF
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/8/2024

Overview / Comments

We are pleased to present an an ideally located office facility for sale and lease. The 18,208 sf building is perfect for a single user or is easily demised to accommodate multiple users. The two-story building, formerly an administrative office and dialysis clinic, offers a flexible B-1 zoning, ADA accessibility, significant plumbing capability, multiple points of entry and on-site surface parking.

Lexington's primary healthcare providers are all within 1.5 miles of the property, including Baptist Health Lexington, UK Chandler Hospital, CHI Saint Joseph Hospital and Lexington Clinic. Oliver Lewis Way, which provides direct access to I-64 and I-75, is 1.2 miles away. Next door, two new hotels (Candlewood Suites and Tru by Hilton) are in the final stages of construction.

HIGHLIGHTS
For Sale and Lease
Single or Multiple Users
Flexible Zoning
Excellent Proximity to UK Campus, Regional Hospitals and Clinics

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Tax ID/APN: 13284901
Zoning: B-1
Property Visibility: Excellent
Area Description: Lexington, Kentucky has been rated as one of America's premier cities by some of the most noted and revered industry standard-bearers, such as Forbes magazine, the U.S. Census Bureau, Cognetics consulting group, Dun & Bradstreet, Ladies Home Journal, and Places Rated Almanac - just to name a few. Most people think of rolling countryside with stone fences, great basketball action, horse farms, Thoroughbred racing at Keeneland, a diverse economy, and outstanding schools, colleges and universities. Our community ranks high in quality of life factors, such as health care, public safety, educational attainment, and quality family living. The area also measures high among the best places for business location, creativity, entrepreneurial growth, and career relocation. Residents of competing cities view Lexington as a beautiful place, with great schools, an innovative health care system, a strong economy, and mountains of potential.
Number of Stories: 2
Year Built: 1978

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 25,365 129,079 253,860
Median Age: 27.07 36.03 35.18
Households: 9,545 54,522 107,963
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