2387 Professional Heights

    Lexington, KY 40503
    • $1,150,000
    • STATUS: Sold
    • ON SITE: 181 days
    • MLS #: 1900965
    Sold - 05/23/2019
    $1,150,000
    SOLD - 05/23/2019
    • 0
      BEDS
    • 2.93
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 28,352
      SQFT
    • $41
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1969
    County:

    School Ratings & Info

    Description

    +/- 28,352 SF Office building priced well below replication cost. 50% Occupied and cash flowing. Roof has 12 years left of warranty. Great for an owner occupant , investor or prime for redevelopment. Potential to rezone to R-4 High Density Apartments. Close to new retail center with Jason's Deli and Coffee Shop. Potential to add value by putting underground detention chambers and filling in existing basin.

    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/90880582

    2387 Professional Heights Lexington, KY 40503

    • Price: $1,300,000
    • Status: Sold
    • Updated: 142 min ago
    • MLS #: 1900965
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.93
    Acres
    28,352
    SQFT
    $41
    $/SQFT
    1969
    Built
    Neighborhood:
    Commercial
    County:
    Fayette
    Area:
    Fayette County Se 3
    Property Description
    +/- 28,352 SF Office building priced well below replication cost. 50% Occupied and cash flowing. Roof has 12 years left of warranty. Great for an owner occupant , investor or prime for redevelopment. Potential to rezone to R-4 High Density Apartments. Close to new retail center with Jason's Deli and Coffee Shop. Potential to add value by putting underground detention chambers and filling in existing basin.
    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 0 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 B-1/P-1 Electric 0 Elevator Services 0 Financing Conventional 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 New Construction No Occupancy 0 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 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 Robert Gabbert of The Gibson Company. Listing information © 2019 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
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