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    1218 Broadway Lexington, KY 40504

    Sponsored
    For Sale
    $1,350,000

    Prime location, multiple suites available

    Property size:
    1,217 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents multiple executive office condo suites for sale within a 20,001 square foot building situated at 1218 S Broadway in Lexington, Kentucky. The property, built in 1966 and boasting a B-1 zoning classification, sits on a 1.7-acre lot and offers convenient access to major arteries, including a signalized intersection at S. Broadway and American Avenue. The building features two elevators and ample parking. Individual suites range from 1,217 to 5,511 square feet, providing flexibility for various business needs. The strategic location in southwest Lexington places the property near numerous amenities, including restaurants, hotels, and hospitals, notably the recently constructed Lexington Clinic. Its proximity to the University of Kentucky (approximately one mile) further enhances its appeal. The asking price for the entire building is $1,350,000, with individual suite pricing available upon request. This property offers a compelling combination of location, size, and amenities, making it an ideal investment for discerning buyers. Additional adjacent properties are also available for purchase, expanding the potential investment scope. The property's total square footage is approximately 50,957 square feet. The Fayette County location and convenient access to major thoroughfares make this a highly desirable commercial property.

    Property Features for 1218 Broadway

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    1,217 SF
    Class
    B
    Lot Size
    74,052 SF

    Building Details

    Year Built
    1966

    HighLights

    • Multiple executive office condo suites for sale in a 20,001 SF building at 1218 S Broadway, Lexington, KY. Building features two elevators and ample parking. $1,350,000 asking price.
    • Suite 210: 5,511 SF, partial floor.
    • Suite 410: 4,286 SF.
    • Suite 450: 3,420 SF.
    • Suite 475: 3,407 SF.
    • Suite 510: 2,160 SF.
    Property Profile Location Intelligence

    Current Use by Public Records

    Westerfield IV A David ... Doctor Dr. Jon K. ... Radiologist Dr. Charles M. ... Radiologist Technicare Consulting Computer Security Service Davis Robert A MD Doctor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.520163
    Latitude
    38.0352258

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    FAQs

    What type of property is this?
    Office Property / Space - Prime location, multiple suites available
    Where is this office property / space located?
    The property is located at 1218 Broadway Lexington, KY.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: Multiple executive office condo suites for sale in a 20,001 SF building at 1218 S Broadway, Lexington, KY. Building features two elevators and ample parking. $1,350,000 asking price.; Suite 210: 5,511 SF, partial floor.; Suite 410: 4,286 SF.
    (859) 309-0099
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    1218 Broadway Lexington, KY 40504
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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
    1218 Broadway Lexington, KY 40504
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