Executive/Medical Office Building For Sale

Office for Sale
Catylist Listing ID: 30294654
Property Subtypes: Medical, Mixed Use, Office Building
Building Size (RSF): 17,005 SF
Gross Building Area: See Agent
Gross Land Area: 2.35 Acres
Sale Price: $1,690,000
Unit Price: $99.38 PSF
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/3/2018

Overview / Comments

Outstanding opportunity for owner occupant with additional income from existing quality tenants. Current tenants include orthodontists, dentists, and a printing business. Vacant space was formerly a dental office with 10 operatories and general office space. New Roof Membrane installed in 2017 with remainder of 20 year warranty. All suites overlook the lake! Two story with elevator. Atrium provides unique amenity. Parking at the door. Attractively priced.

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Taxing Authority: Lexington, KY
Tax ID/APN: 16863505
Zoning: P-1
Highway Access: New Circle Rd, Harrodsburg Rd, Man O'War
Airports: 10 minutes from Bluegrass Field, Lexington, KY. 1.5 hours from either Louisville or Cincinnati airports
Site Description: Attractive landscaping. Lake comes with this lot, but is maintained by the Corporate Center Association.
Area Description: Strong Demographics.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1980
Construction/Siding: Concrete - Tilt up
Parking Type: Surface
Passenger Elevators: 1
Heat Type: Electricity
Heat Source: Heat Pump
Zoning Description: P-1 (Professional Office)
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,806 107,187 213,274
Median Age: 44.27 35.45 35.96
Households: 4,173 44,546 89,263

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