2201 Regency RdLexington, KY 40503

  • Office properties
  • 5,705 SF
For Sale
$962,500 View listing

Property Details for 2201 Regency Rd

Year built
1990
Property size (Sq ft)
5,705 SF
Zone code
P-1
Property type
Office properties
Property subtype
Other office properties
APN
10048820
APU
10048820

Description

This exceptional 7,700 square foot Class C office condo, located at 2201 Regency Rd, Unit 100, Lexington, KY 40503, presents a unique investment opportunity. Situated in a prime location just off Nicholasville Road in south Lexington, near the intersection of Lowry Lane and Regency Road, this single-story, 1989-built building offers ample space for a variety of professional uses. Currently configured as a medical practice with administrative offices, the property is zoned P-1 - Professional Office and features spacious offices, multiple interior break rooms, and restrooms. The flexible layout allows for potential subdivision into two separate units, catering to diverse business needs. The asking price is $962,500, translating to a competitive price per square foot of $125. This owner/user opportunity includes a compelling seller incentive: a two-year leaseback option, providing immediate income potential or the flexibility of early vacancy. The property's APN is 99001840. This free-standing condo offers a blend of convenience, functionality, and investment potential in a thriving Lexington location. Don't miss this chance to acquire a well-maintained, adaptable space in a high-demand area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $948,561
    6.5%
    $875,594
    7%
    $813,052
  • Comparable approach

    Method
    Valuation
    Relative Method
    $480,863
    Geo Method
    $491,086
  • Alternative Use

    Use
    Valuation
    Residential
    $1,085,737
    Hospitality
    $994,529
    Educational
    $827,437
    Medical
    $855,894
    Retail
    $1,287,124
2201 Regency Rd, Lexington, Kentucky

Location Insight

City
Lexington
County
Fayette
State
Kentucky
Latitude
38.0065
Longitude
-84.5255
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
$5,531
-
-
$447,300
-
-
-
$447,300

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