860 Corporate DrLexington, KY 40503

Property Details for 860 Corporate Dr

Year built

1980

Lot size

2.35 AC

Property size (Sq ft)

17,446 SF

Zone code

P-1

Property type

Office properties

Property subtype

Office buildings

APN

16863505

APU

16863505

Description

This exceptional 2.35-acre commercial property at 860 Corporate Drive, Unit 103, Lexington, KY, presents a first-floor office space perfectly situated in Lexington's dynamic business district. Its convenient location off Harrodsburg Road and New Circle Road ensures excellent accessibility. The interior boasts six private offices, catering to individual or team needs, complemented by an open workspace designed to foster collaboration. A welcoming reception area sets a professional tone, while two dedicated conference rooms, including a sizable training room, provide ample space for meetings and presentations. Further enhancing its functionality is a flexible lounge area, adaptable as an additional office or conference space. A spacious kitchen/media room, complete with a green screen wall, caters to multimedia requirements. Ample parking is available on-site for both employees and clients, along with the convenience of an onsite dumpster. The property's proximity to numerous restaurants in the Beaumont and Harrodsburg Road corridor adds to its appeal. Included in the lease are utilities, eliminating additional fees (excluding significant electrical demands). The kitchen island, refrigerator, and conference tables are included. This turnkey office space is priced at $14 million and offers a compelling opportunity for businesses seeking a prestigious and functional location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,242,064

  6.5%

  $2,992,674

  7%

  $2,778,912

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,506,683

  Geo Method

  $1,501,752

• Alternative Use

  Use

  Valuation

  Residential

  $3,710,916

  Hospitality

  $3,399,179

  Educational

  $2,828,077

  Medical

  $2,925,339

  Retail

  $4,399,231

Location Insight

City

Lexington

County

Fayette

State

Kentucky

Latitude

38.0114

Longitude

-84.5534

CBSA code

30460

CBSA name

LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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