3475 Blazer PkwyLexington, KY 40509
- Office properties
- 88,910 SF
Property Details for 3475 Blazer Pkwy
- Year built
- 1983
- Lot size
- 3.10 AC
- Property size (Sq ft)
- 88,910 SF
- Zone code
- P-1
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 20006550
- APU
- 20006550
Description
This exceptional Lexington, KY office campus, formerly the headquarters for Valvoline and Ashland Oil, offers 365,000 square feet of flexible space across two Class A buildings on a 22.9-acre landscaped campus. The property boasts two large ponds with fountains and over a mile of walking trails. Each building features efficient floor plans adaptable to single or multiple tenants, with a minimum divisible space of 28,000 square feet and up to 365,000 square feet contiguous. The five-story buildings, constructed in phases (1983 and 1991), offer 10-foot ceilings and a modular wall system for easy, cost-effective reconfiguration. The property includes 230 parking spaces and eight elevators. Robust infrastructure includes two underground 2,000-volt power services from redundant substations, 480/277-volt 3-phase 4-wire service with GFI protection, and three Caterpillar diesel generators for backup power. Utilities are distributed via an underground tunnel, also serving as a storm shelter. The property is ideally suited for executive offices, coworking spaces, medical offices, creative offices, or traditional office uses. Multiple suites are available.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $15,254,390
- 6.5%
- $14,080,975
- 7%
- $13,075,191
-
Comparable approach
- Method
- Valuation
- Relative Method
- $7,557,614
- Geo Method
- $7,653,373
-
Alternative Use
- Use
- Valuation
- Residential
- $17,460,410
- Hospitality
- $15,993,641
- Educational
- $13,306,522
- Medical
- $13,764,153
- Retail
- $20,699,034
Location Insight
- City
- Lexington
- County
- Fayette
- State
- Kentucky
- Latitude
- 38.0005
- Longitude
- -84.4353
- CBSA code
- 30460
- CBSA name
- LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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