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    1218 Broadway Lexington, KY 40504

    Sponsored
    For Sale
    $332,220

    Prime Lexington Office Space, 5,537 SF

    Property size:
    5,537 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional Class B office condo, located at 1218 S. Broadway, Suites 250 & 275, Lexington, KY 40504, presents a fantastic investment opportunity. Boasting 5,537 square feet, this property is priced at $60 per square foot and features two units. The interior layout includes seven individual offices, two dedicated conference rooms, open workspaces conducive to collaborative efforts, and a convenient breakroom for staff. Built in 1966, the building is well-maintained and offers two elevators for easy access. Ample parking is available for tenants and visitors. The property benefits from a highly desirable location in southwest Lexington, just outside the downtown area, on a major thoroughfare (S. Broadway). This prime location places the property directly across from the new Lexington Clinic, providing excellent visibility and proximity to a significant medical facility. The surrounding area is rich with amenities, including a variety of restaurants, hotels, and hospitals. The property is zoned B-1, offering flexibility for various business uses. This is a rare opportunity to acquire a well-positioned, functional office space in a thriving Lexington neighborhood.

    Property Features for 1218 Broadway

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    5,537 SF
    Class
    B

    Building Details

    Year Built
    1966
    Units
    2

    HighLights

    • $332,220 asking price for this Lexington, KY office condo.
    • 5,537 square feet of traditional office space.
    • $60 per square foot.
    • Two units available.
    • Class B building, constructed in 1966.
    • B‑1 zoning.
    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 Lexington Office Space, 5,537 SF
    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 $332,220.
    What are key features of this property?
    This property features: $332,220 asking price for this Lexington, KY office condo.; 5,537 square feet of traditional office space.; $60 per square foot.
    (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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