3141 Beaumont Centre CirLexington, KY 40513

Property Details for 3141 Beaumont Centre Cir

Year built

1999

Lot size

2.46 AC

Property size (Sq ft)

35,640 SF

Zone code

P-1

Property type

Office properties

Property subtype

Office buildings

APN

19993090

APU

19993090

Description

This 2,585 sq ft office suite is located in the desirable Beaumont submarket of Lexington, KY, within a 3-story, 35,640 sq ft Class C building (built in 1999, renovated in 2020). The property boasts ample parking and is situated in a thriving office park near hotels, restaurants, and ancillary businesses. Its P-1 zoning offers flexibility for various uses, including executive, medical, and creative office spaces. The convenient location offers easy access to New Circle Road, the University of Kentucky, downtown Lexington, and the Bluegrass Airport. This multi-tenant building presents a unique opportunity to establish your business in a prime Lexington location. The suite is part of a larger building with a strong tenant mix, including dental and orthodontic practices. This is a rare opportunity to lease space in this sought-after office park.

• CAP approach

  CAP return

  Valuation

  6%

  $6,623,132

  6.5%

  $6,113,660

  7%

  $5,676,970

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,077,965

  Geo Method

  $3,067,891

• Alternative Use

  Use

  Valuation

  Residential

  $7,580,938

  Hospitality

  $6,944,098

  Educational

  $5,777,408

  Medical

  $5,976,102

  Retail

  $8,987,080

Location Insight

City

Lexington

County

Fayette

State

Kentucky

Latitude

38.0206

Longitude

-84.555

CBSA code

30460

CBSA name

LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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