Stand-Alone Medical Office Building For Sale

Office for Sale
Catylist Listing ID: 30822814
Property Subtypes: Business Park, Medical, Office Building
Building Size (RSF): 7,140 SF
Gross Building Area: See Agent
Sale Price: $625,000
Unit Price: $87.54 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/11/2022

Overview / Comments

We are pleased to present this 7,140 SF stand-alone medical office investment opportunity in Frankfort, KY. This multi-tenant office building has a fully leased surgical clinic on the first floor, and a behavioral health group on the lower level. Investors will be able to find upside here with an opportunity to fill vacancy on the lower level. There is plenty of parking for tenants and their patients. The property is located across the street from Western Hills High School, a quarter mile from Frankfort Regional Medical Center, and only a few minutes to the I-64 ramp.

HIGHLIGHTS
Frankfort Medical Office For Sale
Close Proximity to Frankfort Regional Medical Center (0.25 miles)
7,140 SF
Ample Parking
Value Add Opportunity

Additional Details

Nearest MSA: Frankfort
County: Franklin
Tax ID/APN: 050-00-00-071.00
Zoning: PO
Area Description: As the capital of Kentucky, Frankfort welcomes its guests with amazing architecture, rich history and fantastic shopping. The downtown area has great restaurants and is also the location of the Convention Center. Frankfort offers 3 public high schools, and is the home to Kentucky State University. Frankfort's city limits are approximately 50 miles east of Louisville and 25 miles west of Lexington. Easily accessible to Interstate 64 and Interstate 75. Frankfort's centralized location positions our city between three major airports: Lexington Bluegrass Airport, 30 minutes; Louisville International Airport, 50 minutes; and Cincinnati/Northern Kentucky International Airport, 1 hour 15 minutes.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,198 19,633 39,086
Median Age: 37.57 38.6 39.11
Households: 1,513 8,070 16,545
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