177 Burt RdLexington, KY 40503

Property Details for 177 Burt Rd

Year built

1985

Lot size

1.33 AC

Property size (Sq ft)

13,950 SF

Zone code

P-1

Property type

Healthcare properties

Property subtype

Medical offices

APN

12824004

APU

12824004

Description

This single-story, 13,004 square foot Class B medical/office building in Lexington, Kentucky, offers a fantastic opportunity for businesses seeking flexible space. Located at 177 Burt Road, this property boasts 8,670 square feet of immediately available space, divisible down to 4,335 square feet, with a maximum contiguous space of 8,670 square feet. The building sits on a 1.33-acre lot and is zoned P-1, Professional Office, making it ideal for a variety of medical and professional office uses. Its convenient location offers easy access to major thoroughfares, including Nicholasville Road. The property is situated less than half a mile from Baptist Health Hospital, two miles from the University of Kentucky campus, three miles from downtown Lexington, and five miles from Blue Grass Airport, ensuring high visibility and accessibility for clients and employees. Amenities in the immediate vicinity include retail, restaurants, and other office and medical spaces. The building itself is a single-story structure with no elevators. This exceptional location and flexible space make this property a highly desirable option for businesses seeking a prominent presence in a thriving Lexington market. Inquire today to learn more about leasing options.

• CAP approach

  CAP return

  Valuation

  6%

  $2,306,270

  6.5%

  $2,128,865

  7%

  $1,976,803

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,174,029

  Geo Method

  $1,200,816

• Alternative Use

  Use

  Valuation

  Residential

  $2,639,792

  Hospitality

  $2,418,036

  Educational

  $2,011,777

  Medical

  $2,080,966

  Retail

  $3,129,432

Location Insight

City

Lexington

County

Fayette

State

Kentucky

Latitude

38.0081

Longitude

-84.5214

CBSA code

30460

CBSA name

LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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