2393 Alumni Dr, Lexington, KY 40517-4285
One Alumni Plaza, a three-story Class B office building in Lexington, KY, presents a compelling investment opportunity for owner-users or investors. This 19,458 square foot property, situated on a 1.48-acre lot at 2393 Alumni Dr (zip code 40517), boasts a desirable location near Perimeter Drive Office Park and the Alumni Drive New Circle Road exit. Built in 1999, the building features a multi-tenant occupancy with a diverse mix of professional services, currently nearly 100% occupied. The asking price is $1,700,000, translating to $87.37 per square foot. The property is zoned P-1 and offers three levels of finished office space, including a lower level. The building's high visibility and convenient location make it an attractive option for businesses seeking a prominent presence in Lexington. The occupancy date is January 12, 2023. This is a single building investment opportunity with excellent potential for return. The property offers a blend of executive and traditional office spaces, catering to a variety of business needs. Its strong tenant base and strategic location within Lexington's thriving business community make it a highly desirable asset.
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Healthy Smiles of the Bluegrass Dental Office
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Jessica Mcclanahan Medical Clinic
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MBA Bluegrass Loan Service Bank
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FedEx Drop Box Postal Service Courier Service
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Dr. Kelly Arnold Dental Office
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.