Multi-Unit Professional Office Building For Sale
Office
for Sale
| Catylist Listing ID: |
30799192 |
| Property Subtypes: |
Medical, Mixed Use, Office Building
|
| Building Size (RSF): |
4,800 SF
|
| Gross Land Area: |
15,000 SF
|
| Sale Price: |
$359,000 |
| Unit Price: |
$74.79 PSF |
| Ceiling: |
9 ft. |
| Property Use Type: |
Net Leased Investment (NNN) |
| Building Name: |
Former Clark D. Cash Orthodontic Office |
| Class of Space: |
Class B |
| Usable Size (USF): |
4,800 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
50 |
| Last Updated: |
5/17/2022 |
Overview / Comments
|
PRIME LOCATION & UNTAPPED POTENTIAL! This spacious multi-unit professional/office building has been recently renovated with the front half currently leased as an orthodontic practice with a spacious waiting/reception area, ADA accessible bathrooms, large open exam room, several private office spaces, and kitchenette/break room. The rear half of the building is not leased currently but is a blank canvas just waiting to be retro-fitted for expansion or additional office space or mixed use and could potentially be leased to provide an entirely separate income stream.
|
Current Tenants
| Is Renting? |
Yes |
| Annual Revenue |
$31,800 (Annual) |
| SF of Space Occupied |
2,400 SF |
| Lease Expiration |
6/0022 |
| Options |
Lease expires June, 2022 but tenant will be moving in May, 2022 |
| Tenant Notes |
Orthodontic Office |
Additional Details
| Nearest MSA: |
Frankfort |
| County: |
Franklin |
| Taxing Authority: |
Franklin County |
| Tax ID/APN: |
074-30-15-012.00 |
| Zoning: |
CL COMMERCIAL |
| Property Located Between: |
Schenkel Lane and Teton Trl |
| Property Visibility: |
Excellent |
| Highway Access: |
Property very well-located just off Wilkinson Blvd (US 421) to US 60 (Versailles Rd) and less than 3.5 miles to I-64. |
| Airports: |
Only 6.1 miles to Capital City Airport, Frankfort, and 21 miles to Lexington-Bluegrass Airport via US 421/60 Versailles Rd |
| Site Description: |
Attractive one-story brick building which has been recently renovated and offers excellent professional office space and unlimited potential mixed uses. Includes attractive landscaping in the front. Located in an area that has great visibility and easy access to US 421 (Wilkinson Blvd) and US 60 (Versailles Rd), the primary entrance road through Frankfort which is one of the heaviest traveled roads in Frankfort which connects to I-64 and also to Lexington and Versailles. |
| Area Description: |
Prime east side location near established residential neighborhood, office buildings and restaurants, shopping w/ good proximity to interstate. |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
4,800 SF |
| Year Built: |
1986 |
| Roof Type: |
Hip |
| Construction/Siding: |
Brick |
| Exterior Description: |
Nice clean brick exterior with 3 doors |
| Parking Type: |
Surface |
| Parking Description: |
Features plenty of parking available with easy access to building. |
| Total Parking Spaces: |
20 |
| Sprinklers: |
None |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Engineered System |
| Internet Access: |
Cable |
| Interior Description: |
Includes recently renovated office space with the front portion currently being utilized as an orthodontic practice with the rear half of the building vacant. Features ADA accessible bathrooms, with a spacious waiting/reception area, large open exam room, several private office spaces, and kitchenette/break room. Rear portion offers large areas for storage or could be leased for office space or mixed use. |
| Zoning Description: |
CL- Commercial |
| Lot Frontage: |
100 |
| Lot Depth: |
150 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
Owned |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
5,046 |
24,825 |
37,101 |
| Median Age: |
39.01 |
37.9 |
38.81 |
| Households: |
2,203 |
10,448 |
15,893 |
|
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