120 Prosperous Pl Lexington, KY 40509
- Office buildings
- 47,754 SF
- 2.87 lot acres
Current Use by Public Records
- Spurgeon & Tinker PSC / Insurance Attorney
- True Title / Title Company
- Kelly Zent, Counselor / Marriage Or Relationship Counselor / Mental Health Clinic
- Bethany Williams, Counselor / Psychotherapist / Child Psychologist
- Edwin Brian Robbins / Physician Assistant
Property Details for 120 Prosperous Pl
- Year built
- 1997
- Lot size
- 2.87 lot acres
- Property size
- 47,754 SF
- Zone code
- P-1
- Property type
- Office buildings
- APN
- 20111490
- APU
- 20111490
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $7,810,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $5,995,000
- 6.5%
- $6,160,000
- 7%
- $6,000,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $6,510,000
- Geo Method
- $5,620,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $5,090,000
- Retail
- $6,005,000
- Mixed-Use
- $5,870,000
- Hospitality
- $5,540,000
- Educational
- $6,105,000
- Residential Income
- $5,590,000
- Energy
- $4,905,000
- Income-Based Land
- $5,605,000
- Food Service
- $5,500,000
Location Insight
- Map
- Local Demand
- City
- Lexington
- County
- Fayette
- State
- Kentucky
- Longitude
- -84.4429
- Latitude
- 38.0011
- CBSA code
- 30460
- CBSA name
- LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
