851 Corporate DrLexington, KY 40503

Property Details for 851 Corporate Dr

Year built

1980

Lot size

0.90 AC

Property size (Sq ft)

17,844 SF

Zone code

P-1

Property type

Office buildings

APN

16863510

APU

16863510

Description

This exceptional 3,066 square foot office space is situated within a three-story, 17,642 square foot building at 851 Corporate Drive in Lexington, Kentucky, zip code 40503. The property is a traditional office space, also suitable for executive or creative office uses, and is part of a highly sought-after suburban office development. This space is immediately available for lease and represents a significant portion of the building's currently vacant 3,066 square feet. The building benefits from a convenient location, just off Harrodsburg Road and a short distance from New Circle Road, providing easy access to major transportation routes. Its strategic location offers proximity to a wide array of amenities, including shopping, fitness centers, and numerous dining options at the nearby Beaumont Centre, located directly across Harrodsburg Road. The building is under new ownership and has undergone significant improvements. The space is adaptable to various business needs and offers a professional environment. This is a rare opportunity to secure high-quality office space in a prime Lexington location. The building features multiple tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $3,316,026

  6.5%

  $3,060,947

  7%

  $2,842,308

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,541,055

  Geo Method

  $1,536,012

• Alternative Use

  Use

  Valuation

  Residential

  $3,795,574

  Hospitality

  $3,476,726

  Educational

  $2,892,595

  Medical

  $2,992,076

  Retail

  $4,499,592

Location Insight

City

Lexington

County

Fayette

State

Kentucky

Latitude

38.0119

Longitude

-84.5525

CBSA code

30460

CBSA name

LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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