410 Sporting Ct Lexington, KY 40503
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.
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LexCity Church Church
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.