Redevelopment Opportunity near Nicholasville Road

Office for Sale
Sale Pending
Catylist Listing ID: 30326923
Property Subtypes: Governmental, Medical, Office Building
Status: Pending
Building Size (RSF): 28,352 SF
Gross Building Area: See Agent
Gross Land Area: 2.93 Acres
Sale Price: $1,250,000
Unit Price: $44.09 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/5/2019

Overview / Comments

The 28,352 SF office property is currently cash-flowing, but has major upside potential for redevelopment as it has significant acreage just off Nicholasville Road.

Currently it's zoning allows for hotels, retail, office, restaurants, and it has potential to be a multifamily development due to its proximity to apartments next door.

Get Creative!

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Tax ID/APN: 38254440
Zoning: B-1
Property Located Between: Malabu & Nicholasville Road
Property Visibility: Fair

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,108 147,416 245,733
Median Age: 38.25 34.85 35.66
Households: 8,072 64,480 104,636

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