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Property profile & analytics
OFF-MARKET
Schools

410 Sporting Ct Lexington, KY 40503

93,328 SF 13.8 ac lot Built 2003
Property ID
US34-2219872
Property summary
AI-generated overview

This exceptional 93,328 square foot property, situated on 13.8 acres in Lexington, Kentucky, presents a unique investment opportunity. Previously used as a church, this versatile building boasts a massive auditorium with seating for approximately 2,000, multiple theaters, classrooms, conference rooms, and ample office space. The property includes 600 parking spaces and enjoys high visibility from New Circle Road, with a traffic count of 59,750 vehicles daily, offering excellent signage opportunities. The zoning is P-1 - Professional Office, allowing for a wide range of potential uses. Considerable surplus land provides additional development potential. Improvements are planned, including enhanced ingress/egress via a new road connecting the property to Wellington Way. A substantial equipment and furniture package, including extensive AV equipment and a new LED wall, is available for separate purchase. The location is highly convenient, with proximity to various amenities such as grocery stores, banks, restaurants, schools, senior living facilities, hotels, and more. This property is ideally suited for repurposing as a public or private school, university, healthcare facility, recreation/entertainment center, affordable housing development, government facility, senior housing development, performing arts center, or corporate headquarters with integrated recreational and dining facilities. The asking price is $8,950,000, with a price per square foot of $95.90. The two-story building was constructed in 2003. Offers are being accepted, with a deadline of September 13th at 12 noon. An open house is scheduled for Wednesday, August 21st, from 2:00 PM to 4:00 PM.

Property profile
Verified
Property type Schools
Year built 2003
Total area 93,328 SF
Lot 13.8 ac (601,128 SF)
UPID US34-2219872
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
  • LexCity Church Church
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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