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    1216 Broadway Lexington, KY 40504

    Sponsored
    For Lease
    $23 SF/Yr ($5,382 /Mo)

    Fully vacant, 2808 sq ft office space.

    Lot size:
    2,808 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,808 square foot office building, located at 1216 S Broadway in Lexington, Kentucky, presents a unique opportunity for a single tenant. Situated in Fayette County, this Class C property boasts a prime location near downtown Lexington, easily accessible via American Ave. The two-story building offers versatile space suitable for coworking, medical office, or creative office uses, as reflected in its B-1 Neighborhood Business zoning. The entire 2,808 square feet is currently vacant, providing immediate occupancy for a prospective tenant. The building includes nine parking spaces for the convenience of staff and clients. While elevators are not present, the two-story structure ensures easy accessibility. This is an excellent opportunity to establish a presence in a thriving Lexington neighborhood. The property's address is 1216 S Broadway, Lexington, KY 40504. The building's single-tenant occupancy ensures privacy and control over the entire space. This fully vacant building offers immediate occupancy and the chance to customize the space to perfectly fit your business needs. The property's zip code is 40504.

    Property Features for 1216 Broadway

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,808 SF
    Class
    C
    Total Rate
    5382

    Building Details

    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 1216
    Size
    2,808 SF
    Rate per SF
    $23

    HighLights

    • 2,808 SF two‑story office building.
    • High‑visibility location at the signalized intersection of South Broadway and American Avenue.
    • Features reception area, six offices, conference room, restrooms, and kitchenette.
    • Includes lower‑level basement storage.
    • Nine parking spaces available.
    • Excellent location near Lexington Clinic, UK campus, student housing, and CHI Saint Joseph Hospital.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Richard L. ... Dentist Joule Financial Financial Planner Dentistry On Broadway Dentist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.5199627
    Latitude
    38.0355664

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    FAQs

    What type of property is this?
    Office space - Fully vacant, 2808 sq ft office space.
    Where is this office space located?
    The property is located at 1216 Broadway Lexington, KY.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: 2,808 SF two-story office building.; High-visibility location at the signalized intersection of South Broadway and American Avenue.; Features reception area, six offices, conference room, restrooms, and kitchenette.
    Request Owner's contact information
    1216 Broadway 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
    1216 Broadway Lexington, KY 40504
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