860 Corporate Dr Lexington, KY 40503
For Lease
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This exceptional 2.35-acre commercial property at 860 Corporate Drive, Unit 103, Lexington, KY, presents a first-floor office space perfectly situated in Lexington's dynamic business district. Its convenient location off Harrodsburg Road and New Circle Road ensures excellent accessibility. The interior boasts six private offices, catering to individual or team needs, complemented by an open workspace designed to foster collaboration. A welcoming reception area sets a professional tone, while two dedicated conference rooms, including a sizable training room, provide ample space for meetings and presentations. Further enhancing its functionality is a flexible lounge area, adaptable as an additional office or conference space. A spacious kitchen/media room, complete with a green screen wall, caters to multimedia requirements. Ample parking is available on-site for both employees and clients, along with the convenience of an onsite dumpster. The property's proximity to numerous restaurants in the Beaumont and Harrodsburg Road corridor adds to its appeal. Included in the lease are utilities, eliminating additional fees (excluding significant electrical demands). The kitchen island, refrigerator, and conference tables are included. This turnkey office space is priced at $14 million and offers a compelling opportunity for businesses seeking a prestigious and functional location.
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2. The principal permitted uses of the P-1 and B-1 zones, except as specifically prohibited hereinbelow. (c) Accessory Uses. The following shall be considered accessory uses in the MU-1 zone: 1. The accessory uses permitted in the P-1 and B-1 zone except for drive-through facilities. (d) Conditional Uses. The following shall be conditional uses in the MU-1 z…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
P-1 · Lexington, KY2. The principal permitted uses of the P-1 and B-1 zones, except as specifically prohibited hereinbelow. (c) Accessory Uses. The following shall be considered accessory uses in the MU-1 zone: 1. The accessory uses permitted in the P-1 and B-1 zone except for drive-through facilities. (d) Conditional Uses. The following shall be conditional uses in the MU-1 zone: 1. Temporary structures designed for use or occupancy for sixty-one (61) to one hundred eighty (180) days per 12-month period on a single property, calculating said period by cumulative consideration of the use of any and all such structures on a single property. (e) Prohibited Uses. The following uses shall be prohibited in an MU-1 zone: 1. The following principal uses, in the B-1 zone: automobile service stations; parking structures; outdoor miniature golf or putting courses; circuses and carnivals on a temporary basis; indoor theaters; arcades, including pinball and electronic games; pawnshops. 2. The following accessory use in the B-1 zone: drive-through facilities. 3. All B-1 conditional uses. 4. All uses listed as prohibited in the B-1 zone. (f) Lot, Yard, and Height Requirements. Lot, yard, and height requirements shall be as follows: 1. Floor Area Ratio: Maximum 1.0. 2. Height: Thirty-five (35) feet Maximum. 3. Front Yard: No limitation for first or second story; any third floor shall be set back at least fifteen (15) feet; also see Subsection (h)(5) of this section, below. 4. Each Side Yard: For one- and two-story structures, ten (10) feet. For three-story structures, twenty (20) feet. 5. Rear Yard: Ten (10) feet or thirty percent (30%) of lot depth, whichever is greater. 6. Open Space: See Article 20 for open space regulations. 7. Lot Coverage: No limitation. (g) Special Provisions. Special provisions shall be as follows: 1. No less than fifteen percent (15%), nor more than eighty-five percent (85%), of the floor area of any structure shall be required to be residential uses. 2. Only one (1) principal structure shall be permitted per MU-1 site. 3. All residential uses shall be required to be in the same structure as nonresidential uses. 4. Within the Infill and Redevelopment Area, at least sixty percent (60%) of the front building wall shall be required to be built at the zero-foot setback line. When additional sidewalk or pedestrian areas are provided, the edge of the pedestrian area shall be construed as the zero-foot setback. Where a sight distance triangle is required, the sight distance line shall be construed as the zero-foot setback;
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.