120 Prosperous Place Office Building

Office for Sale
Catylist Listing ID: 30257660
Property Subtypes: Office Building
Building Size (RSF): 47,754 SF
Gross Building Area: See Agent
Sale Price: $3,900,000
Unit Price: $81.67 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class A
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 10/21/2018

Overview / Comments

Class A office building located at 120 Prosperous Place in Lexington, Kentucky. This is an EXCELLENT opportunity for an investor or owner/user with great upside potential. This three story office building has a total of 47,754 SF on 2.87 acres and approximately 204 parking spaces. The property has 19,911rsf available including the entire 2nd Floor (14,677rsf). The building does have current tenants and current income. This property offers easy access to I-75/I-64, Richmond Road and Man O' War, and New Circle Road, and is just minutes away from the Richmond Road retail corridor and Hamburg Pavilion regional shopping center.

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Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Zoning: P-1
Site Description: $3,900,000 47,754 SF Office Building on 2.87 Acres with Great Upside Potential Recently Signed Lease for Entire 3rd Floor with a Credit Tenant Building Features in Place Tenants and Income Ideal for Owner/Occupant or Investors Adjacent to St. Joseph East Hospital, other Medical and Traditional Office Space, and Retail 2,766 - 19,000+ rsf Available on First and Second Floors Approximately 204 Parking Spaces Easy Access to I-75/I-64, Richmond Road, Man-O-War, and New Circle Road Abundant shopping, retail, and restaurants nearby
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: 14,808 98,765 204,123
Median Age: 31.02 34.26 34.57
Households: 7,165 44,373 88,279
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