2216 Young Drive, Lexington, KY 40505
$955,000
Property Type:
Commercial Sale
Square Footage:
13,574
Lot Size (sq. ft.):
37,897
Status:
Closed
Current Price:
$955,000
List Date:
4/01/2025
Last Modified:
9/03/2025
Listing Details MLS# 25006378
Listing Information
- Comp Sale YN
- No
- Property Sub Type
- Business
Status Change Information
- Status Change Timestamp
- 2025-05-15
- Purchase Contract Date
- 2025-04-11
- Close Date
- 2025-05-14
- Close Price
- 955000
Address
- County
- Fayette
- Street Number
- 2216
- Street Name
- Young
- Street Suffix
- Drive
- State
- KY
- Zip Code
- 40505
- Parcel Number
- 15183000
Contract
- Original List Price
- 995000
- Start Showing Date
- 2025-04-01
- Listing Contract Date
- 2025-04-01
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
- Office Exclusive YN
- No
- List Price/SqFt
- 73.3
- Sold Price/SqFt
- 70.36
- SP/LP
- 0.96
Tax Legal
- MLS Area Major
- 002 - Fayette County NE
- Subdivision Name
- Commercial
Interior
- Living Area
- 13574
- Building Area Total
- 13574
More Information
Parking Information
- Parking Total
- 55
Building
- Year Built
- 1969
- Stories Total
- Yes
Lot
- Lot Size Acres
- 0.87
- Lot Size Square Feet
- 37897
Remarks
- Public Remarks
- Block+Lot is excited to present 2216 Young Drive, Lexington, KY, a premier office opportunity nestled in one of Lexington's most desirable submarkets. This property is comprised of two single-story office buildings, totaling ±13,574 SF on ±0.87 acres zoned P-1, and features 38 parking spaces. These well-maintained buildings feature 8 fully occupied units, each with private entrances, monument signage, efficient layouts, and newer HVAC units installed in 2021. The single-story design enhances accessibility and tenant appeal. With upcoming lease expirations, 2216 Young Drive offers a compelling value-add opportunity, enabling investors or owner-occupants to maximize returns through strategic lease renewals, recapture of pass through expenses, and other value-enhancing strategies. Contact agent for access to financials and rent roll. Property Highlights: -Convenient parking on all three sides of the building totaling 38 spaces -Prime location in the desirable Idle Hour submarket -Buildings are 100% occupied. Contact agent for access to financials and rent roll -Private entrances and 24/7 access for each suite -Significant long-term value-add opportunity
Showing Information
- Showing Instructions
- Please contact listing agent to schedule a showing.
Tax & Legal
- Tax Rate
- 1.2583
- Zoning Description
- P-1
- Directions
- 2216 Young Drive is located on the east side of Lexington, KY, within the desirable Idle Hour neighborhood. The property sits just inside New Circle Road, near the intersection of Richmond Road and Winchester Road, offering convenient access to major thoroughfares.
Association/Community
- Number Of Buildings
- 2
Construction Materials
- Brick
- Yes
Parking Features
- On Site
- Yes
- Paved
- Yes
Special Listing Conditions
- Standard
- Yes
Business Type
- Commercial
- Yes
- Professional/Office
- Yes
Sale Includes
- Building(s)
- Yes
- Fixtures
- Yes
- Leases
- Yes
Property Features
Business Type:
Commercial; Professional/Office
Construction Materials:
Brick
Parking Features:
On Site; Paved
Sale Includes:
Building(s); Fixtures; Leases
Special Listing Conditions:
Standard
Listing Office:
Block + Lot Homes
Last Updated: September - 03 - 2025
Information deemed reliable but not guaranteed.