Property summary
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 profile
VerifiedCap rate & NOI
Current use
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Physician
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Physician Medical Clinic
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Physician Medical Clinic
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IT Consulting Firm Tech Support Center
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Physician
Location
Value estimations
Owner & transaction history
Zoning & alternative use
2. The principal permitted uses of the P-1 and B-1 zones, except as specifically prohibited hereinbelow. (c) Accessory Uses. The following shall be considered accessory uses in the MU-1 zone: 1. The accessory uses permit…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B-1 · Lexington, KY2. The principal permitted uses of the P-1 and B-1 zones, except as specifically prohibited hereinbelow. (c) Accessory Uses. The following shall be considered accessory uses in the MU-1 zone: 1. The accessory uses permit…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
2. The principal permitted uses of the P-1 and B-1 zones, except as specifically prohibited hereinbelow. (c) Accessory Uses. The following shall be considered accessory uses in the MU-1 zone: 1. The accessory uses permit…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B-1 in Lexington, KY.
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