Bank-Owned Medical Office Building in Prime Location

Office for Sale
Catylist Listing ID: 30040541
Property Subtypes: Medical, Flex Space, Office Building
Building Size (RSF): 5,890 SF
Gross Building Area: See Agent
Sale Price: $1,450,000
Unit Price: $246.18 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/13/2017

Overview / Comments

PRG is pleased to present this bank-owned medical office building in a prime location in Lexington, KY. The building is extremely well-located in a high traffic, exposure area on Nicholasville Road.

The property, which is 2004 construction, is located directly across the street from Central Baptist Hospital, in the heart of Lexington's highest concentration of medical service providers. It is just South of The University of Kentucky campus. The prior use was medical in nature. It is comprised of approximately 5,890 sf on .66 acres. It was constructed in 1986 and has undergone significant renovation since that time, and also contains excellent parking. The building is well-suited for another medical type user, but could also be converted to another office use or certain retail/service retail users.

This offering could also be purchased with 4 other medical office buildings owned by the same lender-owner, including the adjacent building at 1721 Nicholasville Road.

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Zoning: P1

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,122 143,368 261,215
Median Age: 30.86 35.23 35.36
Households: 6,680 62,204 110,684
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