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Property profile & analytics
OFF-MARKET Estimated value $3,270,000
Retail space

1701 Alexandria Dr 1785 Lexington, KY 40504-3149

11,000 SF 7.96 ac lot Built 1978
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US34-0575411
Property summary
AI-generated overview

This exceptional 2,000 square foot coworking space, located at 1701 Alexandria Dr, Unit C in Lexington, Kentucky, presents a fantastic opportunity for businesses seeking a versatile and adaptable workspace. Situated in Fayette County, this single-tenant office space is zoned B-1, offering flexibility for a range of commercial uses. The property features a welcoming reception area, a comfortable sitting room, nine individual rooms (previously used as patient rooms in a pediatric office), and two bathrooms. The layout is adaptable and can be easily modified to suit diverse business needs. The building is a Class C property, offering a cost-effective solution for businesses looking to establish a strong presence in Lexington. This prime location in the 40504 zip code provides convenient access to local amenities and transportation networks. The ample square footage provides room for growth and expansion, making this an ideal space for businesses of all sizes. This is a single-tenant space within a single-building complex, offering privacy and control over the workspace. The property's previous use as a pediatric office suggests a layout well-suited for businesses requiring multiple individual rooms or consultation spaces. This is a rare opportunity to secure a well-located, adaptable office space in a thriving Lexington community.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1978
Total area 11,000 SF
Lot 7.96 ac (346,738 SF)
Zoning code B-1
APN 15053300
UPID US34-0575411
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Pierson-Trapp Co Property Management Company Shopping Mall
  • Westside Pediatrics - Dr Rebecca Bosomworth M.D. Pediatrician Medical Clinic
  • Westside Pediatrics Pediatrician Medical Clinic
  • Ramsey Barry W MD Pediatrician Medical Clinic
  • O’hana Market African Goods Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.28M
Blend (final) Blend
$3.27M
Owner & transaction history
Pierson Trapp Co LLC · 8 yrs held
Pierson Trapp Co LLC
since 2018
1 recorded transaction
2018
Price N/A
Zoning & alternative use
B-1 · Lexington, KY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $4.0M +88.1%
Restaurant $3.6M +67.9%
Commercial (general) $2.4M +14.2%
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