2351 Huguenard Drive

    Lexington, KY 40503
    • $1,375,000
    • STATUS: Active
    • ON SITE: 13 days
    • MLS #: 1825042
    UPDATED: 60 min ago
    $1,375,000
    • 0
      BEDS
    • 1.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,120
      SQFT
    • $151
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1999
    County:

    School Ratings & Info

    Description

    This is a 2 story Office building currently fit up as medical office on both floors. The 2nd floor is leased to Mack and Poole Pediatrics (inquire for lease details). The 1st floor is in excellent condition and fit up perfectly for a medical user, with a room count as follows: 7 exam rooms with sinks, 5 offices, 3 restrooms, generous waiting room, generous reception/check-in check out room, break room with kitchen, and private ingress/egress for staff. Very well-maintained building including new roof and new furnace in 2018. Also offers a nicely fit up basement (4,560 SF) with multiple rooms and elevator access. Great opportunity to sell to a medical user who would practice on the 1st floor and enjoy the rental income and lengthy term from the second-floor tenant. Investment Information: Pro forma cap rate 7.5% (based on existing tenant rent and projected first floor rent, including property expenses). Inquire with agent for existing Lease details.

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    The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than Better Homes and Garden Real Estate Cypress are marked with the IDX logo and detailed information about them includes the name of the listing IDX Brokers. Information is deemed reliable but is not guaranteed accurate by the MLS or listing broker.
    www.lexingtonkyhomesearch.com/homes/89112847

    2351 Huguenard Drive Lexington, KY 40503

    • Price: $1,375,000
    • Status: Active
    • Updated: 60 min ago
    • MLS #: 1825042
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.22
    Acres
    9,120
    SQFT
    $151
    $/SQFT
    1999
    Built
    Neighborhood:
    Commercial
    County:
    Fayette
    Area:
    Fayette County Sw 4
    Property Description
    This is a 2 story Office building currently fit up as medical office on both floors. The 2nd floor is leased to Mack and Poole Pediatrics (inquire for lease details). The 1st floor is in excellent condition and fit up perfectly for a medical user, with a room count as follows: 7 exam rooms with sinks, 5 offices, 3 restrooms, generous waiting room, generous reception/check-in check out room, break room with kitchen, and private ingress/egress for staff. Very well-maintained building including new roof and new furnace in 2018. Also offers a nicely fit up basement (4,560 SF) with multiple rooms and elevator access. Great opportunity to sell to a medical user who would practice on the 1st floor and enjoy the rental income and lengthy term from the second-floor tenant. Investment Information: Pro forma cap rate 7.5% (based on existing tenant rent and projected first floor rent, including property expenses). Inquire with agent for existing Lease details.
    Exterior Features

    Dock Doors 0 Drive In Doors 0 Lot Expansion Sq Ft 0 Stories BasementTwo

    Interior Features

    Elevator Capacity 0 Floors Serviced 0 Restrooms Mens 0 Restrooms Womens 0 Sq Ft Building 9120 Sq Ft Common Area 0 Sq Ft Gross Leasable 0 Sq Ft Office 0 Sq Ft Retail 0 Sq Ft Warehouse 0 Water Heater Size 0

    Property Features

    Adv License And Permit 0 Annual Rent 0 Building Expansion Sq Ft 0 Cash Flow Before Tax 0 Ceiling Height 0 Credit Losses And Vacancy 0 Current Zoning P-1 Electric 0 Elevator Services 0 Fuel Expense 0 Gas Pipe Size 0 Gross Operating Income 0 Gross Scheduled Rent Income 0 Janitorial Services 0 Land Lease 0 Lawn Services 0 Less Operating Expense 0 Net Operating Income 0 Occupancy 50 Occupant Type Tenant Other Income 0 Payroll 0 Personal Property Taxes 0 Property Insurance 0 Property Management 0 Property Subtype1 Office Real Estate Taxes 0 Repairs And Maintenance 0 Rubbish Services 0 Sewer And Water 0 Tax Rate 1.2774 Telephone 0 Terms Sale Total Annual Debt Service 0 Total Gross Income 0 Total Operating Expense 0 Water Pipe Size 0

    Listing provided courtesy of Gregory Leveridge of Block + Lot Real Estate. Listing information © 2018 LBAR Multiple Listing Service. All rights reserved.
    The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than Better Homes and Garden Real Estate Cypress are marked with the IDX logo and detailed information about them includes the name of the listing IDX Brokers. Information is deemed reliable but is not guaranteed accurate by the MLS or listing broker.
     
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    3221 Summit Square Place, Ste 200
    Lexington KY, 40590
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