1055 Dove Run Road, Lexington, KY 40502

$1,520,000
Property Type: Commercial Sale Square Footage: 7,787 Lot Size (sq. ft.): 22,651 Status: Closed
Current Price: $1,520,000 List Date: 3/01/2022 Last Modified: 9/03/2025

Overview

Description

1055 Dove Run Road is a 100% occupied, modified-net leased, multi-tenant investment property located off of Tates Creek Road. The 7,787 SF two-story office building was constructed in 1972, sits on 0.52 acres, and is zoned P-1 (Professional Office). The building has a 28-space parking lot, and tenants have 24/7 access to the property. The building is anchored by Concentra Health Services, Inc. and has individual executive office suites on the first and second floor. The individual office tenants consist of medical, IT consulting, sales, and education uses. Inquire with agent for Confidential Offering Memorandum with financials, rent roll, etc.

Listing Details MLS# 22003607

Listing Information

Comp Sale YN
No
Property Sub Type
Office

Status Change Information

Status Change Timestamp
2022-07-26
Purchase Contract Date
2022-05-02
Close Date
2022-07-25
Close Price
1520000
Buyer Financing
Conventional
Sale Type
Arms Length Sale

Address

County
Fayette
Street Number
1055
Street Name
Dove Run
Street Suffix
Road
State
KY
Zip Code
40502
Parcel Number
13995750

Contract

Original List Price
1630000
Start Showing Date
2022-03-01
Listing Contract Date
2022-03-01
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant
Office Exclusive YN
No
SP/LP
0.93

Tax Legal

MLS Area Major
003 - Fayette County SE
Subdivision Name
Commercial

Interior

Living Area
7787

More Information

Parking Information

Parking Total
35

Building

Year Built
1972
Stories Total
2

Lot

Lot Size Acres
0.52
Lot Size Square Feet
22651

Remarks

Public Remarks
1055 Dove Run Road is a 100% occupied, modified-net leased, multi-tenant investment property located off of Tates Creek Road. The 7,787 SF two-story office building was constructed in 1972, sits on 0.52 acres, and is zoned P-1 (Professional Office). The building has a 28-space parking lot, and tenants have 24/7 access to the property. The building is anchored by Concentra Health Services, Inc. and has individual executive office suites on the first and second floor. The individual office tenants consist of medical, IT consulting, sales, and education uses. Inquire with agent for Confidential Offering Memorandum with financials, rent roll, etc.

Showing Information

Showing Instructions
Must provide Tenants 24 hours advance notice in order to Show. Must show during Concentra business hours (Monday-Friday 8 AM-5 PM).

Tax & Legal

Tax Rate
1.2727
Zoning Description
P-1
Directions
This property is conveniently located in the Southeast corridor of Lexington, on Dove Run Road off of Tates Creek Road. The property is close in proximity to Lansdowne Shoppes and has great access to New Circle Road. Trade Area business include: Fresh Market, Baskin Robbins, Halmark, Traditional Bank, Rite Aid, Truist, Malones, Drakes, Malones Prime, Pirie, The Mouse Trap, Prive Med Spa, etc.

Association/Community

Number Of Buildings
1

Special Listing Conditions

Standard
Yes

Business Type

Professional/Office
Yes

Property Features

Business Type: Professional/Office Special Listing Conditions: Standard
Listing Office: Block + Lot Homes
Last Updated: September - 03 - 2025
Information deemed reliable but not guaranteed.