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    1221 Lexington Rd Georgetown, KY 40324

    For Lease
    $2 SF/Yr ($8,018 /Mo)

    Class A Medical Office Space Available

    Lot size:
    46,485 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    Introducing Parkview Medical Plaza, a premier Class A, three-story medical office building in Georgetown, Kentucky. This newly constructed (2023) mixed-use development boasts 46,485 square feet of total space, offering flexible options for various tenants. The building features one elevator and is conveniently located at the southern entrance to Georgetown, at the intersection of US-25 and McClelland Circle. Its strategic placement between Kroger and Georgetown Community Hospital makes it exceptionally well-suited for medical offices, life science businesses, or other professional practices. The property offers multiple tenancy options with a minimum divisible space of 2,000 square feet and a maximum contiguous space of 15,495 square feet currently available. This prime location provides excellent visibility and accessibility, making it an ideal choice for businesses seeking a modern, efficient, and strategically located workspace. The building's design caters to a variety of office styles, including medical, traditional, executive, creative, and coworking spaces. This exceptional opportunity presents a chance to establish a presence in a thriving community with strong growth potential. Don't miss this chance to secure your space in this state-of-the-art facility.

    Property Features for 1221 Lexington Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    46,485 SF
    Class
    A
    Total Rate
    8018.66

    Building Details

    Year Built
    2023
    Stories
    3

    Unit(s) available at that property

    Space
    Medical Office Outparcels
    Size
    43,560 SF
    Rate per SF
    $100,000
    Space
    3rd Floor
    Size
    13,518 SF
    Rate per SF
    $30

    HighLights

    • Class A, 46,485 SF medical office building in Georgetown, KY.
    • Brand new construction (2023), three stories.
    • 15,495 SF of contiguous vacant space available, with a minimum divisible space of 2,000 SF.
    • Located at a high‑traffic intersection (US‑25 and McClelland Circle), near Georgetown Community Hospital and Kroger.
    • Features one elevator.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    National Car Discounters Car Dealer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Georgetown
    County
    Scott
    State
    Kentucky
    Longitude
    -84.5627144
    Latitude
    38.1854764

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    FAQs

    What type of property is this?
    Restaurant - Class A Medical Office Space Available
    Where is this restaurant located?
    The property is located at 1221 Lexington Rd Georgetown, KY.
    What is the lease rate?
    The lease rate is $30-$100,000 SF/Yr.
    What are key features of this property?
    This property features: Class A, 46,485 SF medical office building in Georgetown, KY.; Brand new construction (2023), three stories.; 15,495 SF of contiguous vacant space available, with a minimum divisible space of 2,000 SF.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1221 Lexington Rd Georgetown, KY 40324
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