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    Lexington, KY
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    Lexington, KY Medical Office Space for Sale

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    12 properties
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    Prime Lexington Commercial Building
    Updated: May 1
    Prime Lexington Commercial Building

    2134 Nicholasville Road, Lexington, KY 40503

    $3,195,000
    19,145 sqft 2.22 AC lot
    Premier, highly visible location on Nicholasville Rd.
    Expansive 2.2‑acre lot.
    Ample on‑site parking.
    High traffic count (40,000+ cars per day).
    Ideal for medical, professional, and administrative use.
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    2134 Nicholasville Road, Lexington, KY 40503

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    • Est. Cap Rate

      8%
      Above avg (5.9%)

    • Est. NOI

      $254K
      Annual

    • Mortgage

      $1.42M
      Nov 2020

    • Last Sold

      May 2014
      $1.95M

    • Property Type

      Office Building
      Built 1962
    View Property Analytics
    Renovated Medical Office Building
    Updated: Jun 25
    Renovated Medical Office Building

    160 Prosperous Place, Lexington, KY 40509

    $1,650,000
    6,840 sqft 0.57 AC lot
    Two‑story medical office building with approx. 6,840 SF plus additional basement area
    Completely renovated in 2021 and converted to current medical office use
    First floor includes reception/waiting, nurses’ station/lab, 7 exam rooms, and 2 procedure/x‑ray rooms
    Second floor has multiple private offices plus a conference room and break room, with additional shell space for expansion or buildout
    Full basement is partially finished for office space with storage and overhead door access for records, equipment, or ancillary services
    View details
    Medical and Professional Office Property
    Medical and Professional Office Property

    1618 Harrodsburg Road, Lexington, KY 40504

    $599,000
    2,800 sqft 0.28 AC lot

    Office and medical-ready interiors include a reception area, private offices, and a finished basement with lab/work space.

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    Versatile Medical Office Building
    Versatile Medical Office Building

    1830 Versailles Road, Lexington, KY 40504

    $700,000
    4,890 sqft 0.25 AC lot

    Former medical office with flexible room layout and substantial above-grade plus basement space for owner-users or investors.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Professional Office with Finished Basement
    Professional Office with Finished Basement

    1618 Harrodsburg Road, Lexington, KY 40504

    $599,000
    1,980 sqft

    Older home conversion with a reception and waiting area, multiple offices, and a finished basement with lab/work areas.

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    Top-Floor Office Suite Portfolio
    Top-Floor Office Suite Portfolio

    300 E Main Street, Lexington, KY 40507

    $850,000
    9,717 sqft

    Top-floor office offering with multiple suites and a layout supporting either owner-occupancy or tenant division.

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    Move-In Ready Office Condo
    Move-In Ready Office Condo

    513 Darby Creek Road, Lexington, KY 40509

    $325,000
    3,141 sqft

    Move-in ready office condo with a layout suited to private meetings and focused work.

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    Medical Office Suite with Treatment Rooms
    Medical Office Suite with Treatment Rooms

    3217 Summit Square Place Unit 100, Lexington, KY 40509

    $575,000
    10,000 sqft

    Medical office for sale featuring four treatment rooms, a patient waiting area, and dedicated staff and support spaces.

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    Medical Office Space For Sale
    Medical Office Space For Sale

    3217 Summit Square Place, Lexington, KY 40509

    $575,000
    3,090 sqft

    Office space near St. Joe East, currently a medical office.

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    South Lexington Office Building
    South Lexington Office Building

    200 E Reynolds Road, Lexington, KY 40517

    Contact for pricing
    6,708 sqft

    6,708 SF office building in South Lexington for sale.

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    Office Suites at Griffin Gate
    Office Suites at Griffin Gate

    1510 Newtown Pike, Lexington, KY 40511

    Contact for pricing
    44,574 sqft

    Office suites for lease near Marriott's Griffin Gate Resort.

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    Class B Office Building
    Class B Office Building

    151 N Eagle Creek Drive, Lexington, KY 40509

    Contact for pricing

    Class B office building with abundant parking in Lexington, KY.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 12 Active listings in Lexington, KY, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 60 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Brick Medical Office Building
    Brick Medical Office Building

    1007 Mojave Trail, Frankfort, KY 40601

    $775,000
    7,367 sqft 1.05 AC lot

    Brick office building with multiple private offices, restrooms, and a gathering hall, supported by on-site parking.

    View details
    Standalone Medical Office Building
    Standalone Medical Office Building

    635 Comanche Trail, Frankfort, KY 40601

    $450,000
    4,800 sqft 0.34 AC lot

    Well-maintained medical office with private entrances, dedicated bathrooms, and an exclusive 22-space parking lot.

    View details
    Medical Space in Washington Square
    Medical Space in Washington Square

    1002 South Broadway St., Georgetown, KY 40324

    Contact for pricing
    20,000 sqft 6.54 AC lot

    Medical and retail spaces available in Georgetown's Washington Square.

    View details
    Class A Georgetown Office Opportunity
    Class A Georgetown Office Opportunity

    198 Bevins Lane Suite D, Georgetown, KY 40324

    Contact for pricing
    9,000 sqft

    2,598 SF Class A office space near Georgetown Community Hospital.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Frankfort Land with Interstate Visibility
    Frankfort Land with Interstate Visibility

    190 Democrat Drive, Frankfort, KY 40601

    $685,000
    5.10 AC lot

    5.1 acres of land with high visibility and redevelopment potential.

    View details
    Prime Commercial Parcel on Leestown
    Prime Commercial Parcel on Leestown

    2 Leestown Road, Frankfort, KY 40601

    $625,000
    3.37 AC lot

    3.37 acre commercial parcel for development in Frankfort, KY

    View details
    Exceptional Corner Lot on Bourbon Trail
    Exceptional Corner Lot on Bourbon Trail

    102 Carlton Crossing, Lawrenceburg, KY 40342

    $524,900
    0.94 AC lot

    Prime commercial land on the Bourbon Trail, ready for development.

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    Prime Commercial Land on Bourbon Trail
    Prime Commercial Land on Bourbon Trail

    101 Carlton Crossing, Lawrenceburg, KY 40342

    $419,900
    0.94 AC lot

    Commercial land ideal for retail, restaurant, hotel, or medical use.

    View details

    Off-Market Properties in Lexington, KY

    Consider similar Off-Market properties in Lexington, KY. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1713 Nicholasville Rd
    MEDICAL BUILDING

    1713 Nicholasville Rd, Lexington, KY 40503-1403

    $1,180,000
    Estimated value
    5,190 sqft 0.66 AC lot
    View details
    1710 Sharkey Way
    MEDICAL BUILDING

    1710 Sharkey Way, Lexington, KY 40511-2028

    $1,165,000
    Estimated value
    4,334 sqft 0.71 AC lot
    View details
    180 Prosperous Pld2
    MEDICAL BUILDING

    180 Prosperous Pld2, Lexington, KY 40509-1845

    $620,000
    Estimated value
    2,280 sqft
    View details
    180 Prosperous Pld3
    MEDICAL BUILDING

    180 Prosperous Pld3, Lexington, KY 40509-1845

    $620,000
    Estimated value
    2,280 sqft
    View details
    180 Prosperous Pld1
    MEDICAL BUILDING

    180 Prosperous Pld1, Lexington, KY 40509-1845

    $620,000
    Estimated value
    2,280 sqft
    View details
    1830 Versailles Rd
    MEDICAL BUILDING

    1830 Versailles Rd, Lexington, KY 40504-1402

    $730,000
    Estimated value
    4,425 sqft 0.25 AC lot
    View details
    3225 Smt Sq Pl Ste, Unit 100
    MEDICAL BUILDING

    3225 Smt Sq Pl Ste, Lexington, KY 40509-2658

    Unit 100
    $565,000
    Estimated value
    2,520 sqft
    View details
    704 Spg Mdws Dr
    MEDICAL BUILDING

    704 Spg Mdws Dr, Lexington, KY 40504-3624

    Value Estimation by Request
    2,540 sqft 0.16 AC lot
    View details
    350 Elaine Dr
    MEDICAL BUILDING

    350 Elaine Dr, Lexington, KY 40504-2754

    $1,000,000
    Estimated value
    18,208 sqft 1.02 AC lot
    View details
    2121 Nicholasville Rd Ste, Unit 103
    MEDICAL BUILDING

    2121 Nicholasville Rd Ste, Lexington, KY 40503-2541

    Unit 103
    Value Estimation by Request
    785 sqft
    View details
    2387 Professional Hts Dr
    MEDICAL BUILDING

    2387 Professional Hts Dr, Lexington, KY 40503-3004

    $1,340,000
    Estimated value
    28,352 sqft 2.74 AC lot
    View details
    3099 Helmsdale Pl
    MEDICAL BUILDING

    3099 Helmsdale Pl, Lexington, KY 40509-2213

    $1,480,000
    Estimated value
    7,160 sqft 1.08 AC lot
    View details

    Lexington, KY Medical Office Space Market Trends and Statistics

    Explore 72 medical office space for sale in Lexington, KY, showcased through 12 active listings on our real estate platform. These investment opportunities span a total of 77,753 square feet of properties for sale, with an estimated market value of $12,636,888.

    Sale prices for medical spaces in Lexington, KY start at $575,000, averaging $1,579,611, and reaching up to $4,492,888 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Units 142
    Office buildings 59
    Medical Office Space 24
    Coworking space 7
    Creative space 6

    Demographics Overview

    Population 322K
    Population Growth (5Y) +1.0%
    Median Household Income $71,202
    College Educated 25.6%

    High-Yield Neighborhoods for Investment

    Identify Lexington submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    40517 $112.5K
    40504 $700K
    40507 $850K
    40509 $1.3M
    40503 $2.5M

    Taxes & Financing

    Tax Rate (average for all types) 1.22%
    Property Tax per SF $11.25 per SF
    Tax Rate vs County Average 0.01 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Fayette County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Lexington fall within the 2,500 to 5,000 square foot range.

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    Most Searched ZIP Codes in Lexington, KY

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