101 Yorkshire BlvdLexington, KY 40509

Property Details for 101 Yorkshire Blvd

Year built

1978

Lot size

15.27 AC

Property size (Sq ft)

96,800 SF

Zone code

P-1

Property type

Office properties

Property subtype

Office buildings

APN

19346470

APU

19346470

Description

This exceptional 180,866 square foot, Class A office building presents a compelling redevelopment opportunity. Situated on a 15.27-acre lot at 101 Yorkshire Boulevard in Lexington, Kentucky, this four-story building, constructed in 1978 and renovated in 2016, offers significant potential. The property boasts 528 parking spaces and is conveniently located adjacent to CHI Saint Joseph Health’s Saint Joseph East Hospital campus, providing immediate access to a large pool of potential medical tenants. The building features three elevators (two passenger and one freight), 24/7 security with card access, and is zoned P-1 for professional office use. The asking price is $9,250,000, representing a value-add investment with potential for significant returns. Its strategic location near New Circle Road and I-75, along with nearby shopping, restaurants, and hotels, enhances its appeal. The property's size and amenities allow for diverse uses, including a single-use headquarters, call center, or co-working space with potential for added amenities such as a corporate kitchen, health club, and generator. This vacant property presents a unique chance to acquire a substantial asset in a thriving market. The triple-net (NNN) lease type offers further investment flexibility.

• CAP approach

  CAP return

  Valuation

  6%

  $16,608,086

  6.5%

  $15,330,541

  7%

  $14,235,503

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,228,287

  Geo Method

  $8,332,544

• Alternative Use

  Use

  Valuation

  Residential

  $19,009,872

  Hospitality

  $17,412,940

  Educational

  $14,487,361

  Medical

  $14,985,604

  Retail

  $22,535,896

Location Insight

City

Lexington

County

Fayette

State

Kentucky

Latitude

37.9982

Longitude

-84.4375

CBSA code

30460

CBSA name

LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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