Property Listing No Longer Available for Sale

1900 Richmond Road, Lexington, KY

Office for Sale - $18,900,000 - 114,253 Sq. Ft. on 28.34 acres


Property Info

CIMLS#911085
Location
  1900 Richmond Road
  Lexington KY 40502
UpdatedFebruary 16th, 2018
TypeOffice
Price$18,900,000
Building114,253 Sq. Ft.
Land28.34 acres

Property Description

NAI Isaac is pleased to present this high-profile property consisting of a +/-114,253 SF one and one-half story medical building on +/-28.34 acres. The building is a well constructed and maintained one and one-half story medical facility with two elevators and 229 parking spaces. Building consists of finished first and second floors, mechanical and basement areas. Property includes acreage for facility expansion or additional development. This landmark site is located on the corner of Richmond Road and Shriners Lane, inside New Circle Road and across from Idle Hour Country Club.

The Property is located approximately 1 mile from Lexington's CBD. Interstate 75, exits 104 & 108 are located within +12 minutes of the Property. The surrounding neighborhood is mostly single-family residential units with some multi-family to the southeast. With the private country club located across Richmond Road and the ample landscaping on the Property's grounds, the Property has the feel of a more suburban campus.

Location Description:

The Property is located approximately 1 mile from Lexington's CBD. Interstate 75, exits 104 & 108 are located within +12 minutes of the Property. The surrounding neighborhood is mostly single-family residential units with some multi-family to the southeast. With the private country club located across Richmond Road and the ample landscaping on the Property's grounds, the Property has the feel of a more suburban campus.

Highlights:

>> Property: Shriners Hospitals for Children

>> Address: 1900 Richmond Road, Lexington, Kentucky 40502

>> Building Size: +/-114,253 SF

>> Land Size: +/-28.34 AC

>> Existing Parking: 229 spaces

>> Built: 1987/1988

>> Roof: Replaced in April 2013 & July 2014

>> Zoning: P-1, Professional Office

>> New Sale Price: $18,900,000 (Reduced from $25,900,000)

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Financials