Property summary
This exceptional 6,336 square foot office building, located at 114 E Reynolds Rd, Lexington, KY 40517, presents a unique investment opportunity. Situated on a 0.24-acre lot and conveniently located near Nicholasville Road, this property boasts a prime location with excellent visibility and accessibility. The building is zoned P-1, Professional Office, allowing for a variety of uses. Currently, there are three available office spaces totaling 4,500 square feet, ideal for businesses seeking expansion or relocation. The building's traditional office layout is also well-suited for medical office practices. The property's Asset Property Number (APN) is 23014000. With its multiple tenancy structure, this building offers flexibility for various business needs. The total building size is 6,336 square feet, providing ample space for growth and development. This property represents a compelling opportunity to acquire a well-located, versatile office building in a thriving Kentucky market. The address is easily accessible and benefits from high traffic counts. The available space is ready for immediate occupancy, offering a seamless transition for new tenants. This is an excellent opportunity for businesses seeking a strategic location in Lexington.
Property profile
VerifiedCap rate & NOI
Current use
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Physician
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Physician
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Physician
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Physician
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Physician
Location
Value estimations
Owner & transaction history
Zoning & alternative use
2. The principal permitted uses of the P-1 and B-1 zones, except as specifically prohibited hereinbelow. (c) Accessory Uses. The following shall be considered accessory uses in the MU-1 zone: 1. The accessory uses permit…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
P-1 · Lexington, KY2. The principal permitted uses of the P-1 and B-1 zones, except as specifically prohibited hereinbelow. (c) Accessory Uses. The following shall be considered accessory uses in the MU-1 zone: 1. The accessory uses permit…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
2. The principal permitted uses of the P-1 and B-1 zones, except as specifically prohibited hereinbelow. (c) Accessory Uses. The following shall be considered accessory uses in the MU-1 zone: 1. The accessory uses permit…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for P-1 in Lexington, KY.
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