171 Lowry LnLexington, KY 40503

Property Details for 171 Lowry Ln

Year built

1985

Lot size

3.04 AC

Property size (Sq ft)

31,840 SF

Zone code

B-6P

Property type

Community centers

APN

10017840

APU

10017840

Description

This exceptional 4,217 square foot single-tenant suite, identified as Suite 145, presents a remarkable opportunity in Lexington, Kentucky. Located at 171 W Lowry Ln, 40503, this property boasts a highly desirable location within Fayette County, situated conveniently alongside established retailers TJ Maxx and Five Below, ensuring high visibility and foot traffic. The space is currently available for sublease and is ideally suited for a variety of uses, including medical offices, retail establishments, or general office space. The property is classified as both retail and office, offering flexibility for diverse business needs. Its single-tenant occupancy provides a streamlined and efficient operational environment. The property's prime location in Lexington, combined with its versatile layout and convenient access, makes it an exceptional investment opportunity for businesses seeking a thriving and visible presence in a bustling commercial area. The suite's size and configuration offer ample space for a variety of layouts and operational needs. Interested parties are encouraged to inquire further to explore the possibilities this exceptional property offers.

• CAP approach

  CAP return

  Valuation

  6%

  $7,721,360

  6.5%

  $7,127,410

  7%

  $6,618,309

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,748,840

  Geo Method

  $6,906,784

• Alternative Use

  Use

  Valuation

  Residential

  $6,012,237

  Hospitality

  $5,507,176

  Educational

  $4,581,906

  Medical

  $4,739,485

  Retail

  $7,127,410

Location Insight

City

Lexington

County

Fayette

State

Kentucky

Latitude

38.007

Longitude

-84.5208

CBSA code

30460

CBSA name

LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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