1010 Monarch StLexington, KY 40513

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 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.

• 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 Income

  $4,793,604

  Hospitality / Lodging

  $4,390,915

  Institutional / Educational

  $3,653,190

  Healthcare / Senior Housing

  $3,778,828

  Retail / Commercial

  $5,682,740

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

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