Stand-Alone Office Building For Sale

Office for Sale
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: 9/25/2023

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). Each floor consists of +/- 6,299 sf that is built out with a mixture of private offices and open work area.

Detailed financial information is available with an executed confidentiality agreement.

Conveniently located near Richmond Road and New Circle Road
12,598 SF stand-alone suburban office building with an elevator
Visit for details on B-3 Zoning in Fayette County

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.

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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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