230 Fountain CtLexington, KY 40509

Property Details for 230 Fountain Ct

Year built

2005

Lot size

1.65 AC

Property size (Sq ft)

31,152 SF

Zone code

P-1

Property type

Medical offices

Property subtype

Medical centers

APN

38061590

APU

38061590

Description

This exceptional three-story medical office building, totaling 31,152 square feet, presents a unique investment opportunity in Fayette County. Situated on a 1.65-acre lot, the Class B building boasts a convenient location just off Man O' War at Blazer Parkway, ensuring high visibility and accessibility. Constructed in 2005, the property is well-maintained and currently owner-occupied, reflecting a commitment to quality and longevity. The building is zoned P-1 - Professional Office, making it ideally suited for a variety of medical practices. Multiple tenancies are available, offering flexible space options ranging from 2,050 square feet to 5,237 square feet, catering to practices of various sizes and needs. The building's excellent condition and prime location make it an attractive prospect for both established medical professionals seeking expansion and new practices looking for a well-established presence in a thriving area. This is a rare opportunity to acquire a well-maintained, strategically located medical office building with immediate availability. The property's size and zoning provide ample potential for future growth and development. Serious inquiries are encouraged to explore this exceptional offering further.

• CAP approach

  CAP return

  Valuation

  6%

  $5,344,784

  6.5%

  $4,933,647

  7%

  $4,581,244

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,648,012

  Geo Method

  $2,681,564

• Alternative Use

  Use

  Valuation

  Residential

  $6,117,722

  Hospitality

  $5,603,800

  Educational

  $4,662,296

  Medical

  $4,822,640

  Retail

  $7,252,461

Location Insight

City

Lexington

County

Fayette

State

Kentucky

Latitude

38.0039

Longitude

-84.4375

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].