2387 Professional Heights

    Lexington, KY 40503
    • $1,300,000
    • STATUS: Active
    • ON SITE: 143 days
    • MLS #: 1816806
    UPDATED: 32 min ago
    $1,300,000
    • 0
      BEDS
    • 2.93
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 28,352
      SQFT
    • $46
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    Rare Investment Opportunity under market value with room to increase rent. This 28,352 SF building sits on 2.91 acres of desirable land in the Malabu/Nicholasville Road area. It currently cash flows with only 50% occupancy. Also potential to redevelop into a hotel or many other uses as it is zoned B-1.

    Monthly Payment Calculator

    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/85892622

    2387 Professional Heights Lexington, KY 40503

    • Price: $1,300,000
    • Status: Active
    • Updated: 32 min ago
    • MLS #: 1816806
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.93
    Acres
    28,352
    SQFT
    $46
    $/SQFT
    Neighborhood:
    Commercial
    County:
    Fayette
    Area:
    Fayette County Se 3
    Property Description
    Rare Investment Opportunity under market value with room to increase rent. This 28,352 SF building sits on 2.91 acres of desirable land in the Malabu/Nicholasville Road area. It currently cash flows with only 50% occupancy. Also potential to redevelop into a hotel or many other uses as it is zoned B-1.
    Exterior Features

    Dock Doors 0 Drive In Doors 0 Lot Expansion Sq Ft 0 Parking 56 Or More Spaces Stories Two

    Interior Features

    Elevator Capacity 0 Floors Serviced 0 Restrooms Mens 0 Restrooms Womens 0 Sq Ft Building 28352 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 163885 Building Expansion Sq Ft 0 Cash Flow Before Tax 0 Ceiling Height 0 Credit Losses And Vacancy 0 Current Zoning B-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 Property Subtype2 Hotel/Motel Real Estate Taxes 0 Repairs And Maintenance 0 Rubbish Services 0 Sale Or Lease Includes BuildingsLand Sewer Sewer Connected Sewer And Water 0 Tax Rate 1.2174 Telephone 0 Terms Sale Total Annual Debt Service 0 Total Gross Income 0 Total Operating Expense 0 Utilities On Site Electricity ConnectedWater ConnectedTelephone Water Pipe Size 0 Year Built Exception Unknown

    Listing provided courtesy of Robert Gabbert of The Gibson Company. 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.
     
    Better Homes and Garden Real Estate Cypress
    3221 Summit Square Place, Ste 200
    Lexington KY, 40590
    Client Provided August 6, 2018 --> Google Ads Remarketing: