2031 Georgetown RdLexington, KY 40511

Property Details for 2031 Georgetown Rd

Year built

1998

Lot size

5.46 AC

Property size (Sq ft)

31,706 SF

Zone code

I-1

Property type

Industrial properties

Property subtype

Industrial live-work properties

APN

19997300

APU

19997300

Description

This exceptional Class A office building, located at 2031 Georgetown Road in Lexington, Kentucky, offers 25,196 square feet of immediately available executive office space. The single-story building totals 40,828 square feet and sits on a site with ample surface parking for 194 vehicles. The property features a convenient location with easy access to the I-64/I-75 interchange, making commuting a breeze for employees and clients. The building is designated as a multi-tenant property, ideal for a variety of business needs, including executive offices and call centers. The property's APN is 19997300. The building's single-story design provides efficient and accessible floor plans. This is a rare opportunity to secure significant office space in a highly desirable Lexington location. Given the substantial vacant space, this property presents a unique opportunity for businesses seeking expansion or relocation. Interested parties are encouraged to schedule a tour. Please note that tours are by appointment only and tenants should not be disturbed. The property's zip code is 40511.

• CAP approach

  CAP return

  Valuation

  6%

  $6,002,978

  6.5%

  $5,541,210

  7%

  $5,145,410

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,050,235

  Geo Method

  $4,979,166

• Alternative Use

  Use

  Valuation

  Residential

  $5,541,210

  Hospitality

  $5,075,719

  Educational

  $4,222,938

  Medical

  $4,368,172

  Retail

  $6,569,016

Location Insight

City

Lexington

County

Fayette

State

Kentucky

Latitude

38.0911

Longitude

-84.5137

CBSA code

30460

CBSA name

LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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