1390 Olivia Lane, Lexington, KY 40511

$2,000,000
Property Type: Commercial Sale Square Footage: 20,787 Lot Size (sq. ft.): 75,794 Status: Closed
Current Price: $2,000,000 List Date: 11/09/2017 Last Modified: 9/03/2025

Overview

Description

The Better Business Bureau Building is a two-story 20,787 SF brick/steel/concrete construction office building, with a pitched shingle roof, wet sprinkler system, Bates Security System, monument/directory signage, and several recent capital improvements including: new entrance to parking lot, two new bathrooms, new elevator, new outdoor lighting, parking lot re-sealed/striped, and new landscaping. Situated on 1.74 acres, tenants enjoy a 109 space parking lot (5.24/1,000 SF parking ratio), and have access to the building 24/7 with key and alarm code, as well as access to a shared board/conference room. The available spaces can be combined or divided to accommodate perspective tenants space needs. There is a 787 SF enclosed, climate controlled patio that is not included in the total SF, that is an additional amenity to the building.

Listing Details MLS# 1725008

Listing Information

Property Sub Type
Office

Status Change Information

Price Change Timestamp
2018-09-27T13:55:07Z
Status Change Timestamp
2018-09-27
Purchase Contract Date
2018-08-01
Close Date
2018-09-25
Close Price
2000000
Buyer Financing
Cash
Sale Type
Arms Length Sale
Concessions Comments
n/a

Address

County
Fayette
Street Number
1390
Street Name
Olivia
Street Suffix
Lane
State
KY
Zip Code
40511

Contract

Original List Price
2200000
Start Showing Date
2017-11-09
Listing Contract Date
2017-11-09
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant
Office Exclusive YN
No
List Price/SqFt
105.84
Sold Price/SqFt
96.21
SP/LP
0.91

Tax Legal

MLS Area Major
001 - Fayette County NW
Subdivision Name
Commercial

Interior

Living Area
20787
Building Area Total
20787

More Information

Parking Information

Parking Total
56

Building

Year Built
1974
Stories Total
2
Leasable Area
15364

Lot

Lot Size Acres
1.74
Lot Size Square Feet
75794.47

Remarks

Public Remarks
The Better Business Bureau Building is a two-story 20,787 SF brick/steel/concrete construction office building, with a pitched shingle roof, wet sprinkler system, Bates Security System, monument/directory signage, and several recent capital improvements including: new entrance to parking lot, two new bathrooms, new elevator, new outdoor lighting, parking lot re-sealed/striped, and new landscaping. Situated on 1.74 acres, tenants enjoy a 109 space parking lot (5.24/1,000 SF parking ratio), and have access to the building 24/7 with key and alarm code, as well as access to a shared board/conference room. The available spaces can be combined or divided to accommodate perspective tenants space needs. There is a 787 SF enclosed, climate controlled patio that is not included in the total SF, that is an additional amenity to the building.

Tax & Legal

Tax Rate
1.2174
Zoning Description
P-1
Directions
Located on Olivia Lane, off of Newtown Pike across from The University of Kentucky Coldstream Research Campus, with excellent access to Downtown Lexington, New Circle Road, and I-75/I-64.

Construction Materials

Brick
Yes
Concrete
Yes
Steel Frame
Yes

Roof

Shingle
Yes

Security Features

Fire Sprinkler System
Yes

Special Listing Conditions

Standard
Yes

Building Features

Elevator(s)
Yes

Business Type

Professional/Office
Yes

Property Features

Building Features: Elevator(s) Business Type: Professional/Office Construction Materials: Brick; Concrete; Steel Frame Roof: Shingle Security Features: Fire Sprinkler System Special Listing Conditions: Standard
Listing Office: Block + Lot Homes
Last Updated: September - 03 - 2025
Information deemed reliable but not guaranteed.