Office Building For Sale

Office for Sale
Catylist Listing ID: 30810198
Property Subtypes: Business Park, Office Building
Building Size (RSF): 10,308 SF
Gross Land Area: 0.59 Acres
Sale Price: $1,699,000
Unit Price: $164.82 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Usable Size (USF): 10,308 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/24/2023

Overview / Comments

10,308 square foot free standing office building for sale at Summit Square Place. Suite 200 recently leased to Central Kentucky Eye Care & Wellness. Suite 100 is currently vacant and consists of 5,100 square feet of former lab space with reception area, break room, 2 conference rooms, 2 private offices, and large open area for cubicles or a lab. Great opportunity for a owner/occupant to own their own space with rental income in place. The current association fees are $1,250 per month.

Current Tenants

Tenant Business Name Central Kentucky Eyecare & Wellness
Suite Number 200
SF of Space Occupied 5,150 SF
Current Rent $6,283 PSF (Annual)
Lease Expiration 3/2027

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Tax ID/APN: 38124850
Zoning: PROFESSIONAL OFFICE P-1
Property Visibility: Fair
Highway Access: I-75
Airports: Bluegrass Airport
Site Description: 10,308 square foot office building located in the Summit Square Place office park
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 5,154 SF
Year Built: 2004
Roof Type: Gable
Construction/Siding: Stucco
Parking Type: Surface
Parking Description: Surface parking - reciprocal
Zoning Description: P-1 Professional office
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,169 95,968 202,485
Median Age: 30.96 34.75 34.52
Households: 7,359 43,501 87,571

Contact

Photograph of Listing Agent

Christa Collins

The Gibson Company KCREA Member
© Copyright 2001-2023 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Moody's assume any liability for errors or omissions.