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    1401 Harrodsburg Rd Lexington, KY 40504

    Sponsored
    For Lease
    $20 SF/Yr ($5,136 /Mo)

    3,082 SF Medical Office - For Sale/Lease

    Lot size:
    3,082 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 3,082 square foot Class B medical office suite, located in the St. Joseph Office Park at 1401 Harrodsburg Road, Suite 5A, is available for sale or lease. The property is situated on the top floor, offering a corner location with abundant natural light and easy elevator access. The suite boasts six exam rooms, each equipped with a sink and built-in cabinetry, a physician's office with a private bathroom, a patient bathroom with a pass-through to a lab area, a spacious waiting room, and a private staff bathroom. Two additional offices could be easily converted into exam rooms. A private physician entrance adds to the convenience. The property features ample parking and benefits from high visibility and accessibility on Harrodsburg Road, a major thoroughfare connecting Lexington's downtown and south side. Its prime location offers easy access to New Circle Road, downtown Lexington, and a variety of nearby restaurants, hotels, and other services. The zoning is P-1 - PROFESSIONAL OFFICE, and the APN is 19977190. The asking price is $465,000. A motivated seller is offering one year of free rent on a five-year lease; tenant pays condominium fees and $20 per square foot annually in years two through five. This exceptional medical office space presents a unique opportunity for medical professionals seeking a well-appointed and conveniently located practice.

    Property Features for 1401 Harrodsburg Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,082 SF
    Class
    B
    Total Rate
    5136.67

    Unit(s) available at that property

    Space
    5A
    Size
    3,082 SF
    Rate per SF
    $20

    HighLights

    • 3,082 SF Class B medical office building for sale or lease.
    • Multiple tenancy, currently vacant.
    • Located at 1401 Harrodsburg Rd, Suite 5A, Lexington, KY; APN 19977190, zoned P‑1.
    • Features six exam rooms, physician's office with private bath, patient bath with lab access, large waiting room, staff bath, and two additional offices convertible to exam rooms.
    • Top floor corner unit with abundant natural light, direct elevator access, and ample parking.
    • Motivated seller offering one year free rent on a five‑year lease; year two through five rent is $20/SF plus condo fees. Asking price: $465,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Alicia E. ... Internist CHI Saint Joseph ... Hospital CHI Saint Joseph ... Diagnostic Center Kredan Tawfik M ... Doctor Saint Joseph Pain ... Pain Management Physician

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Clothing Store Nail Salon Dental Office Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.5255775
    Latitude
    38.0331745

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    FAQs

    What type of property is this?
    Medical office - 3,082 SF Medical Office - For Sale/Lease
    Where is this medical office located?
    The property is located at 1401 Harrodsburg Rd Lexington, KY.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 3,082 SF Class B medical office building for sale or lease.; Multiple tenancy, currently vacant.; Located at 1401 Harrodsburg Rd, Suite 5A, Lexington, KY; APN 19977190, zoned P-1.
    Request Owner's contact information
    1401 Harrodsburg Rd 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
    1401 Harrodsburg Rd Lexington, KY 40504
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