1018 New Circle RdLexington, KY 40505

Property Details for 1018 New Circle Rd

Year built

1966

Lot size

0.69 AC

Property size (Sq ft)

21,928 SF

Zone code

B-3

Property type

Office properties

Property subtype

Office buildings

APN

15196500

APU

15196500

Description

This exceptional office space, located at 1018 E New Circle Rd, Lexington, KY 40505, offers a fantastic opportunity for businesses seeking flexible and affordable solutions. The property totals 2,199 square feet and is a traditional office building with multiple tenancies available. Six individual office spaces are currently available, ranging in size from a minimum of 100 square feet to a maximum contiguous space of 310 square feet. Currently, 1,399 square feet are vacant, providing ample opportunity for expansion or multiple tenants. The building features a reception area and three offices, offering a well-structured layout suitable for various business needs. Each space is available for lease at a monthly rate of $1150, inclusive of all basic utilities, making it a cost-effective option. The property's convenient location on E New Circle Road provides excellent accessibility and visibility. This is an ideal location for businesses seeking a professional and functional workspace in Lexington, Kentucky. Contact us today to schedule a viewing and secure your ideal office space.

• CAP approach

  CAP return

  Valuation

  6%

  $3,348,132

  6.5%

  $3,090,584

  7%

  $2,869,828

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,807,200

  Geo Method

  $2,723,238

• Alternative Use

  Use

  Valuation

  Residential

  $3,832,324

  Hospitality

  $3,510,388

  Educational

  $2,920,602

  Medical

  $3,021,046

  Retail

  $4,543,158

Location Insight

City

Lexington

County

Fayette

State

Kentucky

Latitude

38.0381

Longitude

-84.4551

CBSA code

30460

CBSA name

LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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