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.
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.