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    120 Prosperous Pl Lexington, KY 40509

    Sponsored
    For Lease
    $20 SF/Yr

    Prestigious office suites, ample parking.

    Lot size:
    47,754 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional three-story executive office building, located at 120 Prosperous Place in Lexington, Kentucky, offers a prime opportunity for businesses seeking flexible and modern workspace. Built in 1997 and recently renovated, the 47,754 square foot building sits on a 2.87-acre lot and is zoned P-1. Multiple tenancy options are available, with spaces ranging from a minimum of 2,092 square feet to a maximum contiguous space of 5,495 square feet. Currently, 10,353 square feet of space is vacant. One immediately available suite offers 2,070 square feet at a full-service rate of $20.00 per square foot. The building boasts ample parking for tenants and visitors. Its convenient location provides easy access to Interstates 75 and 64, as well as the Hamburg and New Circle areas. The surrounding area offers abundant restaurants and shopping options. The available space is highly adaptable and can be configured to meet the specific needs of various businesses. This is a rare opportunity to secure high-quality office space in a desirable Lexington location.

    Property Features for 120 Prosperous Pl

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    47,754 SF
    Total Rate
    79590

    Building Details

    Year Built
    1997
    Stories
    3

    Unit(s) available at that property

    Space
    Suite 302
    Size
    2,070 SF
    Rate per SF
    $20

    HighLights

    • Suite 302: $20.00/SF Full‑Service Gross Lease Rate.
    • ±2,070 RSF Available.
    • Excellent walkability to numerous restaurants and shops.
    • Convenient access to I‑75/I‑64, Hamburg, and New Circle Road.
    • Recently renovated building.
    • Highly flexible space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Spurgeon & Tinker PSC Insurance Attorney True Title Title Company Kelly Zent, Counselor Psychologist Bethany Williams, Counselor Psychotherapist Edwin Brian Robbins Physician Assistant

    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
    -84.4429058
    Latitude
    38.0009857

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    FAQs

    What type of property is this?
    Office Property / Space - Prestigious office suites, ample parking.
    Where is this office property / space located?
    The property is located at 120 Prosperous Pl Lexington, KY.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Suite 302: $20.00/SF Full-Service Gross Lease Rate.; ±2,070 RSF Available.; Excellent walkability to numerous restaurants and shops.
    Request Owner's contact information
    120 Prosperous Pl Lexington, KY 40509
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    Lexington, KY 40509
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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
    120 Prosperous Pl Lexington, KY 40509
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