2387 Professional Heights, Lexington, KY 40503
$1,150,000
Property Type:
Commercial Sale
Square Footage:
28,352
Lot Size (sq. ft.):
127,631
Status:
Closed
Current Price:
$1,150,000
List Date:
1/15/2019
Last Modified:
9/03/2025
Overview
Description
Listing Details MLS# 1900965
Listing Information
- Property Sub Type
- Hotel/Motel
Status Change Information
- Price Change Timestamp
- 2019-05-28T15:20:53Z
- Status Change Timestamp
- 2019-05-28
- Purchase Contract Date
- 2019-03-05
- Close Date
- 2019-05-23
- Close Price
- 1150000
- Buyer Financing
- Conventional
- Sale Type
- Non-Arms Length Sale
- Concessions Comments
- N/A
Address
- County
- Fayette
- Street Number
- 2387
- Street Name
- Professional
- Street Suffix
- Heights
- State
- KY
- Zip Code
- 40503
Contract
- Original List Price
- 1300000
- Start Showing Date
- 2019-01-01
- Listing Contract Date
- 2019-01-01
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
- Office Exclusive YN
- No
- SP/LP
- 0.88
Tax Legal
- MLS Area Major
- 003 - Fayette County SE
- Subdivision Name
- Commercial
Interior
- Living Area
- 28352
More Information
Parking Information
- Parking Total
- 56
Building
- Year Built
- 1969
- Stories Total
- 2
Lot
- Lot Size Acres
- 2.93
- Lot Size Square Feet
- 127630.92
Remarks
- Public Remarks
- +/- 28,352 SF Office building priced well below replication cost. 50% Occupied and cash flowing. Roof has 12 years left of warranty. Great for an owner occupant , investor or prime for redevelopment. Potential to rezone to R-4 High Density Apartments. Close to new retail center with Jason's Deli and Coffee Shop. Potential to add value by putting underground detention chambers and filling in existing basin.
Tax & Legal
- Tax Rate
- 1.2774
- Zoning Description
- B-1/P-1
- Directions
- Just off Nicholasville Road and Malabu across from Jason's Deli
Association/Community
- Number Of Buildings
- 1
Special Listing Conditions
- Standard
- Yes
Business Type
- Hotel/Motel
- Yes
- Professional/Office
- Yes
Sale Includes
- Building(s)
- Yes
- Land
- Yes
Property Features
Business Type:
Hotel/Motel; Professional/Office
Sale Includes:
Building(s); Land
Special Listing Conditions:
Standard
Listing Office:
The Gibson Company
Last Updated: September - 03 - 2025
Information deemed reliable but not guaranteed.