Hamburg Office Condo For Sale - Investment Property

Office for Sale
Catylist Listing ID: 30789666
Property Subtypes: Business Park, Executive Suites, Medical, Office Building
Building Size (RSF): 2,960 SF
Gross Building Area: See Agent
Sale Price: $595,000
Unit Price: $201.01 PSF
Property Use Type: Investment
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: 7.13%
Last Updated: 11/11/2022

Overview / Comments

We are pleased to present this rare opportunity to purchase a +/- 2,960 SF second floor Hamburg Office Condo, fully fit up and occupied with an exceptionally strong & long-term local business. Just off Sir Barton Way with excellent visibility & parking, the subject property is located near Hamburg Pavilion, a central Kentucky premier retail destination, with an abundance of local/national retailers including Costco, Walmart, Lowes, Hobby Lobby, Target, Chick-Fil-A, Starbucks, Malone's, and new medical projects in the works. Nearby amenities include easy access to I-75/I-64, New Circle Rd, Man-O-War Boulevard, and other professional office users.

HIGHLIGHTS
Rare Hamburg Office Condo For Sale with investment grade tenant
7.13% Cap Rate on current income
2,960 SF
Zoned P-1
Current dental fit-up
Hamburg Pavilion: Surrounded by thriving retail, office, and residential property, the area is known as Lexington's premier shopping experience
Please inquire with the agent for lease details

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Tax ID/APN: 38199480
Zoning: P-1
Property Visibility: Excellent
Area Description: Lexington, Kentucky has been rated as one of America's premier cities by some of the most noted and revered industry standard-bearers, such as Forbes magazine, the U.S. Census Bureau, Cognetics consulting group, Dun & Bradstreet, Ladies Home Journal, and Places Rated Almanac - just to name a few. Most people think of rolling countryside with stone fences, great basketball action, horse farms, Thoroughbred racing at Keeneland, a diverse economy, and outstanding schools, colleges and universities. Our community ranks high in quality of life factors, such as health care, public safety, educational attainment, and quality family living. The area also measures high among the best places for business location, creativity, entrepreneurial growth, and career relocation. Residents of competing cities view Lexington as a beautiful place, with great schools, an innovative health care system, a strong economy, and mountains of potential.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,240 61,586 174,263
Median Age: 34.08 35.71 34.78
Households: 1,460 27,256 74,831
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