Property profile

1360 W 5Th St London, KY 40741

FOR LEASE
Office buildings
Property ID
US34-1158350
Built 1993
Entity Owned 15-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 6,000-square-foot, single-tenant medical office building presents a unique opportunity for healthcare providers seeking a prominent location in London, Kentucky. Situated conveniently just half a mile from Interstate 75, this property boasts excellent visibility and accessibility. The building features a spacious waiting area, six restrooms, two nurses' stations, and plumbed exam rooms, all designed to meet the needs of a modern medical practice. Ample parking is available, with a generous 36 spaces—a ratio of 6 spaces per 1,000 square feet—ensuring convenient access for patients and staff. The C-2 zoning allows for a variety of medical uses. The building's design also includes the potential for prominent building signage, enhancing visibility and brand recognition. Located in Laurel County, this standalone building offers a complete and ready-to-occupy space, eliminating the need for extensive renovations or build-outs. Floor plans and virtual walkthroughs are available upon request, providing a comprehensive view of this exceptional property's layout and potential. This is an ideal opportunity for a healthcare practice seeking to establish or expand its presence in a thriving community with easy access to major transportation routes.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1993
Construction FRAME
APN 062-00-00-044.05
UPID US34-1158350

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Supply Store

Location

1360 W 5Th St London, KY 40741
London metro Census 970600 LONDON, KY MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$445k

Owner & transaction history

since 2010
1 recorded transaction
2010
$475,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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