1010 Monarch StLexington, KY 40513

  • Office properties
  • 22,536 SF
For Lease
$18.50/SF/YR View listing

Property Details for 1010 Monarch St

Year built
2004
Lot size
0.85 AC
Property size (Sq ft)
22,536 SF
Zone code
P-1
Property type
Office properties
Property subtype
Office buildings
APN
38111710
APU
38111710

Description

This exceptional 2,181 square foot office suite, situated on the first floor of The Beaumont Centre at 1010 Monarch Street, Suite 110, offers a fantastic opportunity for businesses seeking a convenient and well-appointed space. Located in Fayette County, this single-tenant property boasts a desirable location near Kroger Marketplace and the Beaumont post office, ensuring high visibility and easy access for clients and employees. The suite itself features a spacious open area, perfect for collaborative work or a reception area, complemented by two private offices ideal for individual work or executive functions. A large conference room provides ample space for meetings and presentations, while a storage closet and private restroom add to the convenience and functionality of the space. Built in 2004, this Class B office building is a three-story structure with an elevator, ensuring easy accessibility throughout. The property sits on one acre of land and is zoned P-1. The total building size is 22,896 square feet. The asking rate is $18.50 per square foot, which includes electric, water, sewer, and dumpster service, making this an attractive and cost-effective option. Don't miss this chance to secure a prime office space in a thriving location. Contact us today to schedule a viewing.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,187,960
    6.5%
    $3,865,809
    7%
    $3,589,680
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,946,269
    Geo Method
    $1,939,899
  • Alternative Use

    Use
    Valuation
    Residential
    $4,793,604
    Hospitality
    $4,390,915
    Educational
    $3,653,190
    Medical
    $3,778,828
    Retail
    $5,682,740
1010 Monarch St, Lexington, Kentucky

Location Insight

City
Lexington
County
Fayette
State
Kentucky
Latitude
38.0228
Longitude
-84.5556
CBSA code
30460
CBSA name
LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$33,209
-
-
$2,750,000
-
-
-
$2,750,000

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].