Building

Basement YN

Yes

Year Built

1999

Stories Total

2

Lot

Lot Size Acres

1.22

Lot Size Square Feet

53143.25

Remarks

Public Remarks

This is a 2 story Office building currently fit up as medical office on both floors. The 2nd floor is leased to Mack and Poole Pediatrics (inquire for lease details). The 1st floor is in excellent condition and fit up perfectly for a medical user, with a room count as follows: 7 exam rooms with sinks, 5 offices, 3 restrooms, generous waiting room, generous reception/check-in check out room, break room with kitchen, and private ingress/egress for staff. Very well-maintained building including new roof and new furnace in 2018. Also offers a nicely fit up basement (4,560 SF) with multiple rooms and elevator access. Great opportunity to sell to a medical user who would practice on the 1st floor and enjoy the rental income and lengthy term from the second-floor tenant. Investment Information: Pro forma cap rate 7.5% (based on existing tenant rent and projected first floor rent, including property expenses). Inquire with agent for existing Lease details.

Tax & Legal

Tax Rate

1.2774

Zoning Description

P-1

Directions

Conveniently located off of Nicholasville Rd, behind Regency Center Kroger and many restaurants, retailers, and other office buildings. Inside New Circle Road. Close proximity to Lexington hospitals.

Association/Community

Number Of Buildings

1

Special Listing Conditions

Standard

Yes

Business Type

Professional/Office

Yes

Property Features