Lexington, KY Office Property For Sale

Opportunity to purchase Lexington Professional Center, a four-story, vacant 180,866 SF office building located on 15.27 acres at 101 Yorkshire Boulevard in Lexington, Kentucky. The Property is contiguous to CHI Saint Joseph Health’s Saint Joseph East Hospital campus. The campus includes the full-service, 217-bed Saint Joseph East Hospital and the 60,000 SF Women’s Hospital Saint Joseph East.

Lexington Professional Center represents an opportunity to acquire an attractive office building at a significant discount to replacement cost in a market with strong leasing fundamentals. By acquiring the building at an attractive basis, the new owner can lease the building at a below-market rate and still generate out-sized returns. The Property’s adjacency to the hospital campus makes it an attractive leasing opportunity for medical users as well.

• 7.1% Cap Rate

• Office Condo Space

• Current Tenant has over three years left on lease with renewal options

• Two suites combined for total of 1,755 SF

• Excellent location for long-term investment

• Previously a dental office

• Building built in 1965, unit renovated in 2022

Large, free-standing professional condo unit in a great location just off Nicholasville Rd in south Lexington near the intersection of Lowry Lane and Regency Road. Spacious offices and plenty of interior break rooms and restrooms. Currently home to a medical practice and administrative offices, this condo could be subdivided into two units. Priced to sell.

Fully occupied office building for sale. This 10,308 square foot free standing office building is located at 3221 Summit Square Place near the corner of Richmond Road and Man O' War Blvd. Suite 200 is leased to Central Kentucky Eye care & Wellness and Suite 100 is leased to Busy Bee Occupational Therapy. Great investment opportunity with 2 great tenants.

1218 S Broadway: Office condos for sale on S Broadway. The property consists of +/- 50,957 total SF on 1.698 acres and it zoned B-1. The building was built in 1966. It has two elevators and ample parking. There is a signalized light at S. Broadway and American Avenue.

Suite 210: 5,511 SF, Partial Floor

Suite 410: 4,286 SF

Suite 450: 3,420 SF

Suite 475: 3,407 SF

Suite 510: 2,160 SF

Suite 550: 1,217 SF

These suites can be purchased alongside 381 Legion Drive (0.32 Acres for $385,000) and Suites 250 & 275 at 1218 S Broadway (5,537 +/- SF for $332,220).

Ground floor office condo available for sale at 444 Lewis Hargett Cir #175. Entire 4,746 SF condo can be purchased or potential to subdivide condo into 2,520 SF and 2,226 SF units. See floorplan for potential demised sections. 2,520 SF (Suite #170) unit currently fit-up with 6 private offices, conference room, kitchenette, reception, and private restroom.

We are pleased to present a +/-6,613 SF medical/office condo for sale. Great location off Harrodsburg Road in close proximity to CHI Saint Joseph Health, Lexington Clinic, University of Kentucky, downtown Lexington and New Circle Road.

This office 2nd-floor office condo has 3 large offices, a conference room, kitchenette, reception area, and ADA bathroom. Every office has two large windows that provide lots of natural light!

On behalf of Creech & Stafford Property Group, Inc., Block+Lot is pleased to take 210 Malabu Drive to market for sale. The building features:

- 21,215 rentable square feet, two-story, free-standing office building

- Built in 1975

- 1.63 Acres (per PVA)

- Fall away lot

- Steel/Masonry construction

- Wet sprinkler system

- P-1 Zoning

- +/- 95 parking spaces

- Monument/Building signage

- Four varying sized office suites, as well as in-place income on a portion lower level ideal for an owner/occupant with value-add potential.

Property Highlights:

- Located off of Nicholasville Rd. inside of New Circle Rd.

- Great parking with multiple points of ingress/egress

- In-place income with value-add potential for Owner/Occupant

- Newly sealed and striped parking lot

- Well-managed for the last 15 years

- Below $100/SF

Discover this open-concept office situated in the coveted Beaumont Circle. Positioned on the third floor, it offers great views through panoramic windows that can be partially opened, inviting in fresh air and natural light. Adding to its appeal, this suite features a newly renovated private bathroom, ensuring convenience and comfort for occupants. For those seeking additional space, there's the option to seamlessly combine this suite with Suite 350, totaling 706 SF of premium workspace. Furthermore, this unit comes complete with convenient hallway closet storage, optimizing organization and functionality.

We are pleased to present a prime investment opportunity for a three-floor +/-2,330 SF office condo located adjacent to Palomar Centre just off Harrodsburg Road. Great location in the heart of the highest-valued zip code and within proximity to Keeneland Racetrack and the Blue Grass Airport.

We are pleased to present three office condos for sale and lease. The three condos consist of two ground-level units which both include a finished lower-level, and one second-floor unit. The first ground-level unit (Unit 7) is an end-cap unit which includes 3 private offices on the ground level and 4 private offices on the lower-level. The other ground-level unit (Unit 9) includes 2 private offices and a large conference/training room on the ground level and 4 private offices on the lower-level. Both lower-levels have a walk-out entry and natural light. The second-floor unit (Unit 10) is above Unit 9 and has 4 private offices. All units contain restrooms and a kitchenette.

Units 9 & 10 can be sold or leased together, or all three units can be sold or leased as a package. The Darby Creek Condo Association has recently replaced much of the landscaping, with more updates planned in 2024.

Highlights:

Three condo units For Sale and Lease, including one end-cap unit

The ground-level units include a finished lower-level with walk-out entry

Easy access to many amenities along Richmond Road and in Hamburg Pavilion

1.5 miles to I-75

+/-6,190 SF first floor office condo for sale just off Richmond Road in Lexington. The condo is currently separated into three suites 100, 130 and 150.

THE OFFERING

The property is a well built and attractive 75,000 square foot Class A Building of three stories in the best location in Hamburg. Over 96% leased, the building has a number of national and high credit quality tenants including Assured Partners, Mutual of Omaha, Kort, Stockyards Bank along with prestigious local firms. The building is professionally managed with ample on site parking.

This is the premier location in Hamburg as it is on the corner of Man of War and Alysheba with great access to Interstates 75 and 64 at a major signalized intersection. Located directly next to Hamburg Place, home to extensive dining and shopping venues.

The property is easy to find and with a corner location, excellent monument signage and quality construction, this building is the highest quality address for office space in the fast growing Hamburg area.

ZONED P-1 FOR PROFESSIONAL OFFICES

The subject asset is zoned P-1 for professional offices. With 96% of the property currently under lease, this is an excellent investment opportunity. Tenants include Mutual of Omaha, Stock Yard Bank, KORT Physical Therapy and several wealth managEment, real estate and insurance tenants.

LOCATION PROVIDES EASY ACCESS TO INTERSTATE, BANKING, RETAIL

The surrounding area is perfectly suited for office use. The property is bounded by interstates 75/64, and is part of the Hamburg neighborhood, an area with plentiful retail shopping, banking, restaurants and more.

LEXINGTON'S STRONG ECONOMY

Strong demographics in the market with extremely low unemployment, above average salaries and a high level of college graduates in Lexington, KY. Major employers in the Hamburg area including brand new Baptist Healthcare facility and UK Healthcare announcing its new facility.

THE OFFERING

This fully-leased property is located in an outstanding suburban location with easy access to Harrodsburg Road, outstanding visibility to New Circle Road and close proximity to Man O War Blvd. and the Bluegrass Airport. The major tenant in the building is UK HealthCare, a 10,000 employee teaching and research hospital and physician practice related to the University of Kentucky.

Zoned P-1, the property is conveniently located off of Harrodsburg Road in Beaumont Centre. Tenants can easily walk to any number of fast food, quick service or casual dining establishments and can also walk to a Super Kroger store, a high quality YMCA, public library, banks, hotel or any other type of commercial services.

The property is also in the middle of a fast growing residential area with upscale and executive housing in close proximity to the property.

HIGHLIGHTS:

MEDICAL OFFICE BUILDING

This fully-leased property was built in 1995 for the thoroughbred magazine, The Bloodhorse. It is currently a multi-tenant building branded by University of Kentucky Health Care. The building is on 3.1 acres and backs up to New Circle Road which is the 'wheel' in the wheel and spoke design of Lexington's roadways.

PARKING, ACCESS TO MAJOR ARTERIES, SCHOOLS, AND DESIRABLE RETAIL

The property is in a mixed use area with retail, restaurants, hotels, banks, and residential all centered around a public area that includes a performance venue. The property has 276 parking spaces with an ample parking ratio of 6.35 spaces per 1,000 SF.

LEXINGTON'S STRONG ECONOMY

Strong demographics in the market with extremely low unemployment, above average salaries and a high level of college graduates in Lexington, KY. The neighborhood and the city support a strong economy and a need for medical facilities.

Block+Lot is pleased to bring to market for sale 3225 Summit Square Place, Suite 200, a 5,000 SF office condo in the desirable Summit Square Office Park in the Saint Joseph East submarket. This office condo is a beautifully appointed upper-level unit rendering great natural light with windows on all sides occupying a full floor plate. This condo has been fully occupied since its original acquisition by JRA Architects and has been impeccably maintained during its ownership. The condo features a combination of individual office, open cubicle/collaboration space, reception, large conference room, two restrooms, and a centralized break room. The property provides excellent parking ratios with reciprocal parking throughout the entirety of Summit Square Office Park.

Property Highlights:

- Windows on all sides

- Full floor plate

- Efficient layout

- Excellent parking

- Building Signage

Block + Lot is pleased to present a 4,486 SF office condo for sale in the heart of Downtown Lexington. The condo, located on the third floor of 300 E. Main Street, is an excellent investment opportunity for an owner occupant. It offers a blend of private perimeter offices and open collaborative space, making it ideal for many office users. Lexington has made significant recent investments in its downtown including the creation of Town Branch Park and the Rupp Arena/Central Bank Center renovations.

The office condo has six private offices, one small conference room, two corner offices that can be used as conference rooms or executive offices, reception area, open work space, a kitchenette, and a storage room. Windows line the perimeter of the space which allow for an abundance of natural light. Four on-site parking spaces convey with the condo and there are several nearby monthly pay parking lots.

Property Highlights:

-Third floor with elevator access

-Four on-site parking spaces

-Blend of private offices and open work space

-Tall ceilings and an abundance of natural light

-Located in Lexington's Central Business District

On behalf of Bluegrass Care Navigators, we are pleased to bring to market the Hospice of the Bluegrass former office campus at 2240 Gulfstream Drive in Lexington, KY. The property consists of two Class A office buildings totaling 33,560 SF on 2.581 acres with 122 parking spaces in one of Lexington’s most desirable submarkets.

2312 Alexandria Drive is a total of 15,560 SF, built in 1976, 1.5 stories,

with a 3,000 SF finished basement.

These extremely well-maintained buildings are fully sprinklered, have an access badge control system in place, monument signage, elevators, and feature efficient layouts with a combination of individual office, conference/meeting space, and open high-density space. Buildings can be sold together in a portfolio or separately with a minor subdivision plat and REA.

Property Highlights:

- Free Standing Class A Office

- Sold as a Portfolio or Individually

- Excellent Parking

- Elevators

- Well-Maintained

- Well-Maintained

On behalf of Bluegrass Care Navigators, we are pleased to bring to market the Hospice of the Bluegrass former office campus at 2240 Gulfstream Drive in Lexington, KY. The property consists of two Class A office buildings totaling 33,560 SF on 2.581 acres with 122 parking spaces in one of Lexington’s most desirable submarkets.

2409 Greatstone Point is a total of 18,000 SF, built in 1976, 2 stories,

with a 6,000 SF finished basement.

These extremely well-maintained buildings are fully sprinklered, have an access badge control system in place, monument signage, elevators, and feature efficient layouts with a combination of individual office, conference/meeting space, and open high-density space. Buildings can be sold together in a portfolio or separately with a minor subdivision plat and REA.

Property Highlights:

- Free Standing Class A Office

- Sold as a Portfolio or Individually

- Excellent Parking

- Elevators

- Well-Maintained

We are pleased to present an an ideally located office facility for sale and lease. The 18,208 sf building is perfect for a single user or is easily demised to accommodate multiple users. The two-story building, formerly an administrative office and dialysis clinic, offers a flexible B-1 zoning, ADA accessibility, significant plumbing capability, multiple points of entry and on-site surface parking.

Lexington's primary healthcare providers are all within 1.5 miles of the property, including Baptist Health Lexington, UK Chandler Hospital, CHI Saint Joseph Hospital and Lexington Clinic. Oliver Lewis Way, which provides direct access to I-64 and I-75, is 1.2 miles away. Next door, two new hotels (Candlewood Suites and Tru by Hilton) are in the final stages of construction.

HIGHLIGHTS

For Sale and Lease

Single or Multiple Users

Flexible Zoning

Excellent Proximity to UK Campus, Regional Hospitals and Clinics

Available for sale, ground lease or build to suit is prime retail or restaurant opportunity with a 1.3 ± acre outlot. The site features excellent street-front visibility from the heavily-trafficked Richmond Road, which receives 40,088 VPD (19). A large pylon signage is available solely for outlot use, and a 3-tenant pylon sign is also available for the retail center. The site possesses convenient access to two signalized traffic lights and a cut off Richmond Rd directly in front of the site.

This property is situated in a prominent retail and restaurant hub only four miles from the University of Kentucky, the state flagship university with 30,000 ± full-time students and 16,000 employees. It is located in front of Lowe’s and is across from a newly constructed retail development that includes FirstWatch, Skyline Chili and LaRosa’s Pizzeria.

It is centrally located on Richmond Road between New Circle and Man O’ War, and the surrounding area boasts dense residential and a thriving daytime population and is home to a wide array of employers, including Valvoline World Headquarters, Aramark and International Paper. Immediate retailers and restaurants include Lowe’s, Kroger, Home Depot, Burlington, Chili’s, Panera Bread, Krispy Kreme, Starbucks and Walgreens.

We are pleased to present this opportunity to purchase a 22,800 SF office building located in the heart of Lexington. 2393 Alumni Drive is a well-positioned standalone office building next to the Perimeter Drive Office Park and approximately 0.3 miles from the Alumni Drive New Circle Road exit. This building presents a great opportunity for an end user or a value-add investor. The asset is nearly 100% occupied with a diverse tenant mix of a law firm, dentist office, and other professional services. Additionally, the building offers three levels of (two above grade and one below) of accessible and finished office spaces.

Downtown office condos for sale in Lexington's Central Business District. +/-11,828 SF on the 4th floor, located at 300 East Main Street. Great investment or owner occupant within the Opportunity Zone in the heart of downtown Lexington.

+/-14,850 SF two-story office building for sale. Well-located on the southeast side of Lexington just off Pimlico Parkway and Man O' War Boulevard. Close proximity to Alumni Drive and New Circle Road with easy access to Man O' War Boulevard and I-75/64. A great location for medical, professional or any office use.

10,000 gross square foot office condo for sale in the Hamburg Business Center. This third floor office condo consists of large lobby, reception area, break room, IT room, large conference, small conference, and 17 private offices. This is a great opportunity to own your own office. Cross easement parking throughout the Hamburg Business Center.

Rare opportunity to purchase a surface parking lot in Downtown Lexington. The property consists of roughly 40 parking spaces with both long and short term leasing potential. With lot dimensions of roughly 96' feet of road frontage and a depth of roughly 165', this site is also ripe for redevelopment. Property is located within the Opportunity Zone and is Zoned B-2a (Downtown Frame Business) which includes residential, office and retail uses.