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Property summary
This single-story, 13,004 square foot Class B medical/office building in Lexington, Kentucky, offers a fantastic opportunity for businesses seeking flexible space. Located at 177 Burt Road, this property boasts 8,670 square feet of immediately available space, divisible down to 4,335 square feet, with a maximum contiguous space of 8,670 square feet. The building sits on a 1.33-acre lot and is zoned P-1, Professional Office, making it ideal for a variety of medical and professional office uses. Its convenient location offers easy access to major thoroughfares, including Nicholasville Road. The property is situated less than half a mile from Baptist Health Hospital, two miles from the University of Kentucky campus, three miles from downtown Lexington, and five miles from Blue Grass Airport, ensuring high visibility and accessibility for clients and employees. Amenities in the immediate vicinity include retail, restaurants, and other office and medical spaces. The building itself is a single-story structure with no elevators. This exceptional location and flexible space make this property a highly desirable option for businesses seeking a prominent presence in a thriving Lexington market. Inquire today to learn more about leasing options.
Property profile
VerifiedCap rate & NOI
Current use
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Corporate Office
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Physician
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Physician
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Physician
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Physician Medical Clinic
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
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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
Derived from the Lexington market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
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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