1502 Oxford DrGeorgetown, KY 40324

  • Healthcare properties
  • 12,674 SF
For Lease
$20/SF/YR View listing

Property Details for 1502 Oxford Dr

Year built
2006
Lot size
1.09 AC
Property size (Sq ft)
12,674 SF
Property type
Healthcare properties
Property subtype
Medical offices
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
1502 Oxford Dr, Georgetown, Kentucky

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$22,169
$875,000
$1,570,000
$2,445,000
-
$875,000
$1,570,000
$2,445,000

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