Downtown Office Investor with Owner Occupant Opportunity

Office for Sale
Catylist Listing ID: 30257534
Property Subtypes: Office Building, Other
Condo? Yes
Building Size (RSF): 59,000 SF
Gross Building Area: See Agent
Sale Price: $1,825,000
In Opportunity Zone? Yes
Property Use Type: Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/29/2022

Overview / Comments

We are pleased to offer this great investment and/or owner occupant office located in the approved federal Opportunity Zone* in the heart of downtown Lexington. Two of the five floors in this building are being offered for sale as condos with on site deeded parking included. The 2nd Floor has 885 sf available for lease and the entire 4th floor is owner occupied. Depending on the buyer's preference and needs the owner will consider a sale-leaseback for an investor or vacating for an owner occupant/user. This deal could be great for an investor or owner occupant opportunity. Please contact us to discuss your investment and/or office space needs.

*Location as defined by the federally approved Opportunity Zone map within the marketing materials provided

Price Reduced to $1,825,000 from $2,200,000
Two Floors of This Five Floor Building Available (Total 23,656sf)
Great investment and/or owner occupant office located in the approved federal Opportunity Zone* in the heart of downtown Lexington
Parking spaces on site, deeded with sale
In place income for investor or owner occupant buyer
Current Owner will consider sale-leaseback entire 4th floor or can vacant depending buyers preference
Conveniently Located on the Eventful East Side of Downtown Lexington

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Tax ID/APN: 99001480
Is Condo?: Yes
Property Visibility: Excellent
Area Description: The Bluegrass has been rated as one of America's premier regions 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. 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.
Typical SF / Floor: 11,828 SF
Year Renovated: 2006
Parking Description: Parking spaces on site, deeded with sale.
Passenger Elevators: 2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 27,143 128,490 248,004
Median Age: 29.43 35 35.33
Households: 10,560 54,558 105,176
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