2387 Professional Heights Drive, Lexington, KY 40503
sale
$1,575,000
|
Other
Courtesy Of Block + Lot Real Estate
Professional Heights is a rare investment or redevelopment opportunity off Nicholasville Road, Lexington's primary retail and healthcare corridor. Situated on 2.93 acres, 2387 Professional Heights Drive is a 28,352 SF (per PVA) two story multi-tenant office building. Included in the 2.93 acres is a parcel of land that allows for access from Malabu Drive.Built in 1969, the property has undergone significant renovations and capital improvements under its current ownership. In 2022, the roof of the building was replaced and the parking lot resurfaced and striped. The property is zoned P-1 (Professional Office) and offers 52 surface parking spaces. Principal uses of Professional Office include assisted living facilities, hospitals, and childcare centers. Extended stay hotels are a Conditional Use of the Professional Office zone. The current vacancy can be used by an owner occupant or as a value add opportunity for the new owner to increase rents and restructure leases.
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Copyright © 2023 Lexington-Bluegrass Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- MLSID: 22023182
- Roof Type: Unknown
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