2201 Regency RdLexington, KY 40503
- Office properties
- 5,705 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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