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Nicholasville Road Investment Opportunity
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112 Dennis Dr, Lexington, KY 40503

Two-story office building with long-term tenant near Nicholasville Road.

Property Size8,262 SF
Price / SF$118.01
Days on Market108

Property Features for 112 Dennis Dr

General Information

Standard status Active
Size 8,262 SF
Class C
Property subtype Office
Zoning P-1 Professional Office
Investment Type Owner/User

Building Details

Year Built 1991
Buildings 1
Stories 2
Tenancy Single
Listing Agency: Schrader Commercial Properties LLC
Listed By: Laura Adams · License #KY 264747
Source: Crexi
Added: May 18 Changed: Aug 31 Last Checked: Aug 30 at 10:22PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Schrader Commercial Properties LLC

Investment Insights

Based on property information with market context.

This two-story building presents an investment opportunity with convenient access and ample parking. Located off Nicholasville Road in a low-traffic area, the property has undergone recent upgrades. The building is currently occupied by a single tenant under lease until December 2029. The property offers 8262 square feet of space.

Key Highlights

  • Leased until December 2029, providing stable income
  • Located right off Nicholasville Road, offering excellent access
  • Ample parking available

Property Analytics

Current Use

Bluegrass Behavioral Health ... Crisis Center Photizo Group Advertising Agency Cultivate BHE- Counseling ... Counselor Cultivate Behavioral Health ... Pediatrician Autism And Behavior Concepts, ... Medical Clinic

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Grocery & Convenience Store (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,885
Businesses Nearby

Demographics for 40503, KY

28,073
Population
13,437
Households
2.1
Avg Household Size
39
Median Age
57%
College-Educated
96%
High-School Grad
8.8 sq mi
ZIP Area
3,190
Density / Sq Mi
$74,161
Median Household Income
$43,061
Median Earnings
$1,110
Median Rent
$280,000
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Two-story office building with long-term tenant near Nicholasville Road.
Where is this office building located?
The property is located at 112 Dennis Dr Lexington, KY.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Leased until December 2029, providing stable income; Located right off Nicholasville Road, offering excellent access; Ample parking available
(859) 288-5008 Call to check price and availability
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