308 W Lexington Avenue, Winchester, KY 40391
COMMERCIAL - Winchester, KY
- Added:
- Jun 30, 2026
- Days on Market:
- 5
- Last Refresh:
- Jul 4 at 5:06 pm
Property Features for 308 W Lexington Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Rooms
- Basement
- Standard status
- Active
- APN
- 054-1032-005-00
- Size
- 3,570 SF
- Lot size
- 0.57 Acres
Building Details
- Year built
- 1967
- Floors in Building
- 1
Listing agent Gregory Leveridge License #215416 (859) 421-8959
Listing office Block + Lot Homes 133 W Short St, Lexington, KY (859) 309-0099
Listing date Jun 30, 2026
Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Recently renovated office space for a medical practice, built in 1967
- Main level features bright reception, large office, file room, kitchen area, and 5 exam rooms
- Back of building includes 2 suites that can be leased separately or incorporated into the main space
- Unfinished basement area could be up‑fitted for additional office space
- Generous parking lot with access to a back alley way
- Close to the Bypass and I‑64 for easy access to the downtown district
Overview
The property includes a generous parking lot and access to a back alley way, supporting convenient arrival and service access. It is positioned as a gateway to the downtown district and is described as close to the Bypass and I-64, offering broad regional accessibility.
This building may suit an owner-operator medical tenant seeking an exam-room office configuration, or a buyer looking for flexible tenancy. The presence of rear suites and an unfinished basement makes it practical for use as a multi-suite office arrangement or for expanding interior capacity after tenant fit-out.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.1k | $21.60 |
| − Vacancy | −$10.2k | −$2.85 |
| EGI | $66.9k | $18.75 |
| − OpEx | −$16.7k | −$4.69 |
| NOI | $50.2k | $14.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Winchester
- County
- Clark
- State
- Kentucky
- Longitude
- -84.185318
- Latitude
- 37.993887
