2201 Regency RdLexington, KY 40503

Property Details for 2201 Regency Rd

Year built

1990

Property size (Sq ft)

5,705 SF

Zone code

P-1

Property type

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.

• 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 Income

  $1,085,737

  Hospitality / Lodging

  $994,529

  Institutional / Educational

  $827,437

  Healthcare / Senior Housing

  $855,894

  Retail / Commercial

  $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

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