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Freestanding Medical Office Building
For Sale
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150 Raleigh Dr, Elizabethtown, KY 42701

Standalone space supports medical use under an absolute net lease structure.

Property SizeContact for details
Days on Market145

Property Features for 150 Raleigh Dr

General Information

Standard status Active
Listing Agency: BAUMGARDNER & ASSOCIATES
Listed By: John Pawley · License ##193289
Source: Exprealty
Added: May 25 Changed: Oct 6 Last Checked: Oct 16 at 10:52AM

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 BAUMGARDNER & ASSOCIATES

Rey
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Investment Insights

Based on property information with market context.

This freestanding 3,825-square-foot building is configured for medical office use and has previously housed chiropractic and other medical operations. The property was constructed by H Wayne Smith and is offered under an absolute net lease structure.

Set within a cul-de-sac, the building is next to the Post Office and the new Commonwealth Spine & Pain Center. Its established medical-use history and nearby healthcare presence provide relevant context for continued clinical occupancy.

Key Highlights

  • 3,825 SF freestanding medical office building
  • Absolute net lease structure
  • Previously used for chiropractic and medical operations

Property Analytics

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Current Use

Medical Office Space

Suggested Use

Top Pick Parking Lot & Garage Big Box & Wholesale Store Bakery (Bike/Boat/Book/etc) Store Building Supply Grocery & Convenience Store

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

515
Businesses Nearby
Balanced
Demand for This Use

Demographics for 42701, KY

52,731
Population
23,565
Households
2.2
Avg Household Size
40
Median Age
28%
College-Educated
94%
High-School Grad
161.8 sq mi
ZIP Area
326
Density / Sq Mi
$68,715
Median Household Income
$44,251
Median Earnings
$902
Median Rent
$235,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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

Frequently Asked Questions

What type of property is this?
Medical Office Space - Standalone space supports medical use under an absolute net lease structure.
Where is this medical office space located?
The property is located at 150 Raleigh Dr Elizabethtown, KY.
What are key features of this property?
This property features: 3,825 SF freestanding medical office building; Absolute net lease structure; Previously used for chiropractic and medical operations
More about this property
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