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
Overview
Description
...
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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
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.
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.
