1502 Oxford DrGeorgetown, KY 40324

Property Details for 1502 Oxford Dr

Year built

2006

Lot size

1.09 AC

Property size (Sq ft)

12,674 SF

Property type

Medical offices

Property subtype

Medical centers

APN

189-10-030.000

APU

18910030000

Description

This exceptional 1,687 square foot medical office space is located within a larger, well-maintained building at 1502 Oxford Dr, Georgetown, KY 40324. The property, built in 2009, offers a total of 19,415 square feet across two stories and is situated on 1.1 acres of land. The building boasts a 4.1 Floor Area Ratio (FAR) and features 59 parking spaces for ample tenant and visitor convenience. An elevator is available for easy access to both floors. Currently configured as an open workspace with multiple individual offices, this space presents a versatile layout adaptable to various medical practices. A significant advantage is the inclusion of a drive-thru, enhancing patient accessibility and convenience. The property is classified as a Class A office building and is located in Scott County. This is a rare opportunity to secure prime medical office space in a thriving Georgetown location. The available space is part of a multi-tenant building.

• CAP approach

  CAP return

  Valuation

  6%

  $1,935,162

  6.5%

  $1,786,303

  7%

  $1,658,710

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,044,530

  Geo Method

  $1,573,984

• Alternative Use

  Use

  Valuation

  Residential

  $2,215,016

  Hospitality

  $2,028,943

  Educational

  $1,688,057

  Medical

  $1,746,112

  Retail

  $2,625,866

Location Insight

City

Georgetown

County

Scott

State

Kentucky

Latitude

38.2328

Longitude

-84.534

CBSA code

30460

CBSA name

LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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