3138 Custer Dr Lexington, KY 40517
- Office Properties & Spaces
- 14,850 SF
- 1.12 lot acres
Current Use by Public Records
- Lexington Dental Center / Dentist
- Central Business Systems, Inc. / Data Recovery Service / Mailing Service
- Progressive Therapy Outpatient / Physical Therapist
- your core life coach / Life Coach
- The Marketing Edge / Custom T-Shirt Store / Digital Printing Service
Property Details for 3138 Custer Dr
- Year built
- 1990
- Lot size
- 1.12 lot acres
- Property size
- 14,850 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This two-story, 14,850 square foot Class B office building in Lexington, KY, presents a compelling owner-user opportunity. Located at 3138 Custer Drive, this multi-tenant property boasts 70 parking spaces and is situated on a 1.12-acre lot. Built in 1990 with various renovations, it features a high-efficiency HVAC system, sprinkler and security systems, and a prominent monument sign. The building is zoned P-1 for professional office use and enjoys excellent access to major thoroughfares including Man O' War Boulevard, New Circle Road, and Interstates 75/64. Currently housing six tenants, the property offers a strong net operating income (NOI) of $130,882, resulting in a 7.53% cap rate. The asking price is $1,739,000. Detailed financial information is available upon request. This value-add investment is ideal for medical, professional, or general office use, benefiting from its convenient location and strong surrounding commercial and residential density. The property includes an elevator.
Value Estimation
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Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Fayette
- State
- Kentucky
- Longitude
- -84.459
- Latitude
- 37.9886
