Listed by The Gibson Company Commercial Real Estate
Unpriced
424 Lewis Hargett Circle
Details
Property Type Office
Sub Type Creative Office, Executive Office
Square Footage 44,000
Occupancy 100%
Tenancy Multi
Lease Type Modified
Broker Co-Op Yes
Class A
Year Built 2004
Buildings 1
Stories 3
Acreage 1.959
Zoning P-1
Investment Type Stabilized
100% occupied
Marketing description
This ±44,000 square foot Class A office building is ideally located in the highly desirable Fayette Mall/Nicholasville Road corridor of Lexington, Kentucky. The property offers excellent accessibility, strong surrounding demographics, and immediate proximity to retail, dining, and major traffic arteries. The building is fully occupied, providing stable in-place income with a diverse tenant mix. With professional management and high-quality construction, this asset presents an exceptional opportunity for investors seeking a well-located, income-producing office property in one of Lexington’s most active commercial submarkets.
Investment highlights
- Purchase Price: $5,645,000
- Net Operating Income (NOI): $479,955
- Cap Rate: ~8.50%
- Building Size: ±44,000 SF
- Occupancy: 100% Leased
- Asset Type: Class A Office
- Location: Fayette Mall / Nicholasville Rd Corridor
- Strong tenant base with stabilized cash flow
- Excellent visibility and access in a high-traffic corridor
- Surrounded by national retailers, restaurants, and services
- Attractive suburban office setting with ample parking
Listing Contacts
Listed by The Gibson Company Commercial Real Estate
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