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    250 Boswell St Lexington, TN 38351

    For Sale
    $1,500,000

    11,750 SF Medical/Executive Office

    Property size:
    11,750 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 11,750 square foot commercial building, situated on a 39,204 square foot lot in Lexington, Tennessee, presents a compelling investment opportunity. Built in 1995, this single-story structure is ideally located in the heart of Lexington and offers significant potential for various uses. Currently configured and leased to a cardiology and hospice clinic, the building boasts approximately 24 exam rooms, three nurses' stations, two procedure rooms, one lab, and one X-ray room. This versatile space is well-suited for medical practices or executive offices, offering ample room for expansion or adaptation to suit specific business needs. The asking price is $1,500,000. While the building's current configuration is well-established, square footage and tax assessments should be independently verified by an appraiser and tax assessor, respectively. Similarly, the exact acreage should be confirmed through a surveyor. This property represents a rare chance to acquire a substantial, well-located commercial building in a thriving Tennessee community. Its existing infrastructure and prime location make it an attractive prospect for both established businesses and new ventures. The property's history as a medical facility provides a solid foundation for continued success in the healthcare sector, while its adaptable layout allows for a range of other professional uses.

    Property Features for 250 Boswell St

    General Information

    Property type
    Medical offices
    Square Feet
    11,750 SF

    Building Details

    Year Built
    1995
    Stories
    1

    HighLights

    • $1,500,000 asking price.
    • 11,750 square foot office building.
    • Located at 250 Boswell St, Lexington, TN 38351.
    • Single‑story building built in 1995 on a 39,204 square foot lot.
    • Suitable for medical or executive office use; currently leased to cardiology and hospice tenants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    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
    Henderson
    State
    Tennessee
    Longitude
    -88.396881
    Latitude
    35.6544208

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    FAQs

    What type of property is this?
    Medical office - 11,750 SF Medical/Executive Office
    Where is this medical office located?
    The property is located at 250 Boswell St Lexington, TN.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price.; 11,750 square foot office building.; Located at 250 Boswell St, Lexington, TN 38351.
    Request Owner's contact information
    250 Boswell St Lexington, TN 38351
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    Lexington, TN 38351
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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
    250 Boswell St Lexington, TN 38351
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