1218 BroadwayLexington, KY 40504

Property Details for 1218 Broadway

Year built

1966

Property size (Sq ft)

2,182 SF

Zone code

B-1

Property type

Office properties

Property subtype

Other office properties

APN

38140140

APU

38140140

Description

This exceptional investment opportunity presents multiple executive office condo suites for sale within a 20,001 square foot building situated at 1218 S Broadway in Lexington, Kentucky. The property, built in 1966 and boasting a B-1 zoning classification, sits on a 1.7-acre lot and offers convenient access to major arteries, including a signalized intersection at S. Broadway and American Avenue. The building features two elevators and ample parking. Individual suites range from 1,217 to 5,511 square feet, providing flexibility for various business needs. The strategic location in southwest Lexington places the property near numerous amenities, including restaurants, hotels, and hospitals, notably the recently constructed Lexington Clinic. Its proximity to the University of Kentucky (approximately one mile) further enhances its appeal. The asking price for the entire building is $1,350,000, with individual suite pricing available upon request. This property offers a compelling combination of location, size, and amenities, making it an ideal investment for discerning buyers. Additional adjacent properties are also available for purchase, expanding the potential investment scope. The property's total square footage is approximately 50,957 square feet. The Fayette County location and convenient access to major thoroughfares make this a highly desirable commercial property.

• CAP approach

  CAP return

  Valuation

  6%

  $333,164

  6.5%

  $307,536

  7%

  $285,569

• Comparable approach

  Method

  Valuation

  Relative Method

  $179,830

  Geo Method

  $187,827

• Alternative Use

  Use

  Valuation

  Residential

  $381,345

  Hospitality

  $349,310

  Educational

  $290,622

  Medical

  $300,617

  Retail

  $452,078

Location Insight

City

Lexington

County

Fayette

State

Kentucky

Latitude

38.0352

Longitude

-84.5201

CBSA code

30460

CBSA name

LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].