3138 Custer DrLexington, KY 40517

Property Details for 3138 Custer Dr

Year built

1990

Lot size

1.12 AC

Property size (Sq ft)

14,850 SF

Property type

Healthcare properties

Property subtype

Other office properties

Description

This two-story, 14,850 square foot Class B office building in Lexington, KY, presents a compelling owner-user opportunity. Located at 3138 Custer Drive, this multi-tenant property boasts 70 parking spaces and is situated on a 1.12-acre lot. Built in 1990 with various renovations, it features a high-efficiency HVAC system, sprinkler and security systems, and a prominent monument sign. The building is zoned P-1 for professional office use and enjoys excellent access to major thoroughfares including Man O' War Boulevard, New Circle Road, and Interstates 75/64. Currently housing six tenants, the property offers a strong net operating income (NOI) of $130,882, resulting in a 7.53% cap rate. The asking price is $1,739,000. Detailed financial information is available upon request. This value-add investment is ideal for medical, professional, or general office use, benefiting from its convenient location and strong surrounding commercial and residential density. The property includes an elevator.

Location Insight

City

Lexington

County

Fayette

State

Kentucky

Latitude

37.9886

Longitude

-84.459

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