Catylist ID:
#30839641
| Catylist Listing ID: | 30839641 |
| Property Subtypes: | Business Park, Executive Suites, Office Building |
| Building Size (RSF): | 12,598 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $1,275,000 |
| Unit Price: | $101.21 PSF |
| Property Use Type: | Investment, Vacant/Owner-User |
| Class of Space: | Class B |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 5/31/2023 |
Overview / Comments
|
We are pleased to bring to market this two-story 12,598 sf suburban office building for sale. Zoned B-3 Highway Business, the property allows for a wide range of office and retail uses. The property is located in Lexington, KY just outside New Circle Road near the Richmond Road corridor, five miles from Interstate-75. It is accessible from Richmond Road using Old Todds Road, and from New Circle Road using Woodhill Drive. It has an elevator and features seventy parking spaces (5.56 spaces per 1,000 square feet). The opportunity includes existing income from two tenants leasing a total of +/- 2,300 sf, leaving the remaining 10,298 sf immediately available for occupancy including the entire 6,299 sf second floor and 3,098 sf on the first floor. The available space is built out with a mixture of private offices and open work area. Detailed financial information is available with an executed confidentiality agreement. HIGHLIGHTS Conveniently located near Richmond Road and New Circle Road 12,598 SF stand-alone suburban office building with an elevator Visit bit.ly/B3HighwayBusinessZoning for details on B-3 Zoning in Fayette County |
Attachments & Media
Additional Details
| Nearest MSA: | Lexington-Fayette |
| County: | Fayette |
| Tax ID/APN: | 10039170 |
| Zoning: | B-3 |
| Property Visibility: | Good |
| 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. |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 13,561 | 120,539 | 224,887 |
| Median Age: | 33.88 | 33.92 | 34.73 |
| Households: | 6,434 | 52,817 | 97,042 |
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