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

Healthcare properties

Property subtype

Medical offices

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

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