1701 Alexandria DrLexington, KY 40504

Property Details for 1701 Alexandria Dr

Year built

1978

Lot size

7.96 AC

Property size (Sq ft)

11,000 SF

Zone code

B-1

Property type

Retail space

APN

15053300

APU

15053300

Description

This exceptional 2,000 square foot coworking space, located at 1701 Alexandria Dr, Unit C in Lexington, Kentucky, presents a fantastic opportunity for businesses seeking a versatile and adaptable workspace. Situated in Fayette County, this single-tenant office space is zoned B-1, offering flexibility for a range of commercial uses. The property features a welcoming reception area, a comfortable sitting room, nine individual rooms (previously used as patient rooms in a pediatric office), and two bathrooms. The layout is adaptable and can be easily modified to suit diverse business needs. The building is a Class C property, offering a cost-effective solution for businesses looking to establish a strong presence in Lexington. This prime location in the 40504 zip code provides convenient access to local amenities and transportation networks. The ample square footage provides room for growth and expansion, making this an ideal space for businesses of all sizes. This is a single-tenant space within a single-building complex, offering privacy and control over the workspace. The property's previous use as a pediatric office suggests a layout well-suited for businesses requiring multiple individual rooms or consultation spaces. This is a rare opportunity to secure a well-located, adaptable office space in a thriving Lexington community.

• CAP approach

  CAP return

  Valuation

  6%

  $3,004,939

  6.5%

  $2,773,790

  7%

  $2,575,662

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,393,973

  Geo Method

  $2,386,138

• Alternative Use

  Use

  Valuation

  Residential

  $2,339,796

  Hospitality

  $2,143,240

  Educational

  $1,783,151

  Medical

  $1,844,476

  Retail

  $2,773,790

Location Insight

City

Lexington

County

Fayette

State

Kentucky

Latitude

38.0391

Longitude

-84.5532

CBSA code

30460

CBSA name

LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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