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
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

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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


Photograph of Listing Agent

Christa Collins

The Gibson Company KCREA Member
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