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    715 Shaker Dr Lexington, KY 40504

    Sponsored
    For Sale
    $499,000

    6,613 SF Medical Office - $499,000

    Property size:
    6,613 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This vacant, 6,613-square-foot medical office condo is situated in Lexington, Kentucky, at 715 Shaker Dr, 40504. Located in the Physicians Mall, Suite 104, this single-story Class C building offers a prime location off Harrodsburg Road, providing easy access to major medical facilities. The property features a large waiting area with a glass-enclosed reception area, a lab room, a spacious multi-use room, four patient rooms, nineteen offices, and eight restrooms (including three offices with private restrooms). The building is zoned P-1 for professional office use, making it ideal for a variety of medical practices or similar professional services. The property is offered at a reduced price of $499,000 and is available for owner/user investment. Its proximity to CHI Saint Joseph Health, Lexington Clinic, the University of Kentucky, downtown Lexington, and New Circle Road ensures high visibility and convenient access for patients and staff. The modified lease type offers flexibility for the new owner. This is a single-tenancy building, currently vacant, presenting a unique opportunity to customize the space to meet specific needs. The property's features and location make it an attractive investment opportunity in a thriving medical corridor.

    Property Features for 715 Shaker Dr

    General Information

    Property type
    Office space
    Square Feet
    6,613 SF
    Class
    C

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • Physicians Mall Entrance #2 Building.
    • 6,613 SF medical office condo, Suite 104.
    • Features large waiting area, lab, multi‑use room, 4 patient rooms, 19 offices, and 8 restrooms (3 with private restrooms).
    • Excellent Harrodsburg Road location, adjacent to CHI Saint Joseph Health Office Park.
    • Near CHI Saint Joseph Health, Lexington Clinic, UK, downtown Lexington, and New Circle Road.
    • P‑1 Professional Office zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    De Moss Karen ... Psychologist Pain Management Medicine Medical Clinic Bluegrass Eyecare Center Ophthalmology Clinic Dr. Charles R. ... Ophthalmologist Ansari, Irfan MD Ophthalmologist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.5292959
    Latitude
    38.0321579

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    FAQs

    What type of property is this?
    Office space - 6,613 SF Medical Office - $499,000
    Where is this office space located?
    The property is located at 715 Shaker Dr Lexington, KY.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: Physicians Mall Entrance #2 Building.; 6,613 SF medical office condo, Suite 104.; Features large waiting area, lab, multi-use room, 4 patient rooms, 19 offices, and 8 restrooms (3 with private restrooms).
    Request Owner's contact information
    715 Shaker Dr 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
    715 Shaker Dr Lexington, KY 40504
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