4122 Shelbyville Rd Saint Matthews, KY 40207

Exceptional investment opportunity: a 100% occupied, two-building medical office complex totaling 26,519 square feet (23,235 net rentable) situated on a 1.76-acre lot in the thriving St. Matthews, Kentucky area. This Class B property, built in 1960 and extensively renovated in 2006, boasts a prime location at the signalized intersection of Shelbyville Road and Thierman Lane, ensuring high visibility and convenient access. The property features ample parking and benefits from numerous nearby amenities, including shopping, dining, and fitness facilities. Currently generating a Net Operating Income (NOI) of $339,930.40, this property offers a strong return on investment. Existing tenants are under leases with annual increases, and the property includes bill-backs for CAM overages. The OR-3 zoning permits a variety of uses, and there's potential for expansion by approximately 4,000 square feet at the Shelbyville Road frontage. The asking price is $4,950,000, translating to $213.04 per square foot. This is a rare opportunity to acquire a stable, high-performing medical office complex in a desirable location. The property consists of two single-story buildings.