Investment Property for Sale on Nicholasville Road

Office for Sale
Catylist Listing ID: 30728417
Property Subtypes: Medical, Mixed Use, Office Building
Building Size (RSF): 1,755 SF
Gross Building Area: See Agent
Sale Price: $289,000
Unit Price: $164.67 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/29/2022

Overview / Comments

1755 SF Investment Office (2 condos total) for SALE fronting Nicholasville Road at Continental Towers. Five year Lease in place thru June 30,2027. Rent: $30,000/year

Amenities include plentiful parking in front of the office condo with excess parking behind the building. There is also an outdoor pool on the premises, included in the condo association fee.

Monthly condo fees include: Utilities, HVAC normal maintenance, CAM, pool use, building insurance... $750/month

2021 Property Tax for Suites 103/106 = Approx $2450

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Tax ID/APN: 99000600
Zoning: R-4
Property Located Between: Southland and New Circle
Property Visibility: Excellent
Total Number of Buildings: 1
Year Built: 1975
Parking Type: Surface
Passenger Elevators: 1
Zoning Description: R-4 Been operating as a dental office for 27+ years. Real estate office, hair salon, Law office have also occupied the neighboring commercial Suites.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,255 149,549 246,339
Median Age: 37.1 34.94 35.62
Households: 6,037 64,657 104,752


Photograph of Listing Agent

Christa Collins

The Gibson Company KCREA Member
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