Bank-Owned Portfolio of Kentucky Medical Office Buildings

Office for Sale
Sale Pending
Catylist Listing ID: 30040490
Property Subtypes: Medical, Office Building
Status: Pending
Building Size (RSF): 6,931 SF
Gross Building Area: See Agent
Sale Price: $850,000 - 1,200,000
Unit Price: $122.64 - 173.14 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/22/2019

Overview / Comments

Bank-owned portfolio of medical office buildings located throughout several markets in Kentucky. These properties are well-located in prime commercial locations in their sub-markets, some with very close proximity to a hospital. These properties may be purchased together as a package or separately. All buildings have been either constructed or renovated within the past 15 years.

This presents the chance for an investor or owner-user to acquire newer construction or renovated properties that stand-out as rare opportunities in their respective sub-markets. The locations are as follows:

-1713 Nicholasville Road- Lexington, KY; 5,890 sf; $1,200,000

-320 Morton Blvd- Hazard, KY; 6,931 sf; $850,000

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Tax ID/APN: 11077900
Zoning: P1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,122 143,368 261,215
Median Age: 30.86 35.23 35.36
Households: 6,680 62,204 110,684
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