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    1713 Nicholasville Rd Lexington, KY 40503

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    For Lease
    Contact for pricing

    Prime Medical/Restaurant Space - Lease or Buy

    Lot size:
    6,221 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6,221 square foot Class A medical office building, situated on a 0.66-acre lot in Lexington's desirable Fayette County submarket, presents a unique investment or leasing opportunity. Currently vacant, this single-tenant building boasts a recent 2021 renovation, including a brand new HVAC system and roof. The two-story structure offers ample parking with 19 spaces and is zoned P-1, allowing for diverse uses. Previously occupied by a physical therapy practice, the property is ideally suited for another medical office user seeking a move-in ready space. However, its versatile zoning and location also make it an attractive option for redevelopment into a fast-casual restaurant, quick-service restaurant (QSR), or other national restaurant chain. The property enjoys a highly convenient location near Baptist Health and the University of Kentucky, ensuring high visibility and accessibility. Detailed as-built drawings are available upon request. This is a rare chance to acquire a well-maintained, recently renovated property in a thriving area, offering significant potential for both immediate occupancy and long-term growth. The total building square footage is 6,221 square feet.

    Property Features for 1713 Nicholasville Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,221 SF
    Class
    A

    Building Details

    Year Renovated
    2021
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    6,221 SF

    HighLights

    • 6,221 SF medical office building for lease or sale in Lexington, KY.
    • Single‑tenant occupancy, currently vacant.
    • Located on a 0.66‑acre lot in Fayette County.
    • Class A building, renovated in 2021, with 19 parking spaces.
    • P‑1 zoning; suitable for medical office or redevelopment as a restaurant.
    Property Profile Location Intelligence

    Current Use by Public Records

    PT Pros Physical ... Physical Therapist Spine & Brain Neurological Doctor PT Pros Pelvic ... Physical Therapist Dr. Olalekan Ajibowo Pain Management Physician Annette Jones Nurse Practitioner

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.51364601919
    Latitude
    38.019605159935

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    FAQs

    What type of property is this?
    Restaurant - Prime Medical/Restaurant Space - Lease or Buy
    Where is this restaurant located?
    The property is located at 1713 Nicholasville Rd Lexington, KY.
    What are key features of this property?
    This property features: 6,221 SF medical office building for lease or sale in Lexington, KY.; Single-tenant occupancy, currently vacant.; Located on a 0.66-acre lot in Fayette County.
    Request Owner's contact information
    1713 Nicholasville Rd Lexington, KY 40503
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    Lexington, KY 40503
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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
    1713 Nicholasville Rd Lexington, KY 40503
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