Multi-Unit Professional Office Building For Sale
Office
for Sale
| Catylist Listing ID: |
30799192 |
| Property Subtypes: |
Coworking, Medical, Mixed Use, Office Building, Other
|
| Building Size (RSF): |
4,800 SF
|
| Gross Land Area: |
15,000 SF
|
| Sale Price: |
$349,000 |
| Unit Price: |
$72.71 PSF |
| Ceiling: |
9 ft. |
| Property Use Type: |
Vacant/Owner-User |
| Building Name: |
Former 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: |
2/1/2023 |
Overview / Comments
|
GREAT LOCATION & LOTS OF RECENT UPDATES! This spacious multi-unit professional/office building has much to offer! The building has been recently renovated in the front unit and has an inviting waiting/reception area, ADA accessible bathrooms, several private office spaces and kitchenette. The rear units of the building are a blank canvas just waiting to be easily retro-fitted for expansion (could be multiple income streams). New paint HVAC & windows have been installed and commercial carpet will be installed for back units. Prime location near established neighborhood, office buildings, local restaurants w/great proximity to downtown Frankfort, I-64, and US 127/US 60 (Versailles Rd).
|
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 with fresh paint, new HVAC units and commercial carpet in rear units; 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 421/127 (Wilkinson Blvd) and US 60 (Versailles Rd), one of the primary thoroughfares through 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 downtown and I-64. |
| 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: |
Vacant office/mixed use building. Includes recently renovated office space. Front space was previously used as an orthodontic office but could be retro-fitted for other uses. 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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