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1950 Nicholasville Rd

4,126 SF Office Building Lexington, KY 40503 £628,058 (£152/SF)

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Investment Highlights

Signalized access
.5678 AC / 4,126 SF

43,290 ADT
Ideal for medial or professional office

Executive Summary

Property is ideal for medical use with award-winning Baptist Health Hospital a few blocks away. An additional 4 hospitals are within another mile. Prime visibility along busy corridor with signalized access. Currently zoned P-1. Existing structure is 2,551 sf with an additional 1,575 sf basement. Site can be redeveloped up to 9,400 sf - see concept plans.

1950 Nicholasville Rd 7-25-23

Property Facts

Sale Type

Investment or Owner User

Property Type

Office

Property Subtype

Medical

Building Size

4,126 SF

Building Class

Year Built

1947

Price

£628,058

Price Per SF

£152

Tenancy

Single

Number of Floors

Typical Floor Size

4,126 SF

Building FAR

0.17

Land Acres

0.56 AC

Zoning

P-1 - https://library.municode.com/ky/lexington-fayette_county/codes/zoning_ordinance?nodeId=ZONING_ORDINANCE_ART8SCZO_S8-15PROFZO

Parking

30 Spaces (7.27 Spaces per 1,000 SF Leased)

Space Availability

1st Floor
2,551-4,126 SF
Office/Medical
Full Build-Out
Now

Being offered for lease for the first time, this former bank branch is a prime class A location on Lexington's busiest raod. Close proximity to all major hospitals as well as the Nicholasville Road retail corridor provides for a tenant a tremendous opportunity to enter the market. The property is being offered for ground lease. Above grade square footage is 2,551 sf. The basement is 1,575 sf. Ownership is willing to tear down the building and do a build to suit for a strong tenant. Rent would be adjusted based on final plans. Ownership has provided a concept plan showing up to 9,400 sf being build with two stories. Inquire with agent for more details