1010 Monarch StLexington, KY 40513
- Office properties
- 22,536 SF
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
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
Comparable in this City
Similar Nearby for Lease
FAQs
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