1713 Nicholasville Rd Lexington, KY 40503-1403
This exceptional 6,221 square foot Class A medical office building, situated on a 0.66-acre lot in Lexington's desirable Fayette County submarket, presents a unique investment or leasing opportunity. Currently vacant, this single-tenant building boasts a recent 2021 renovation, including a brand new HVAC system and roof. The two-story structure offers ample parking with 19 spaces and is zoned P-1, allowing for diverse uses. Previously occupied by a physical therapy practice, the property is ideally suited for another medical office user seeking a move-in ready space. However, its versatile zoning and location also make it an attractive option for redevelopment into a fast-casual restaurant, quick-service restaurant (QSR), or other national restaurant chain. The property enjoys a highly convenient location near Baptist Health and the University of Kentucky, ensuring high visibility and accessibility. Detailed as-built drawings are available upon request. This is a rare chance to acquire a well-maintained, recently renovated property in a thriving area, offering significant potential for both immediate occupancy and long-term growth. The total building square footage is 6,221 square feet.
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PT Pros Physical Therapy & Sports Centers - Lexington Physician
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Spine & Brain Neurological Physician
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PT Pros Pelvic Floor Physical Therapy Physician
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Dr. Olalekan Ajibowo Physician
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Annette Jones Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
P-1 · Lexington, KYLexington. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.