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1020 Monarch St 23,136 SF Office Building Lexington, KY 40513 $3,100,000 ($133.99/SF)



EXECUTIVE SUMMARY
Excellent owner-occupant or investment opportunity in Lexington’s desirable Beaumont Centre. 1020 Monarch Street is a well-maintained three-story professional office building containing approximately 22,536 square feet with elevator service and ample surface parking. The first floor is fully leased to two professional tenants providing stable income. The second floor features a large training room, open area for cubicles or workstations, three private offices, a large conference room, and a spacious break room. The third floor (7,632 RSF) offers 22 private offices, large and small conference rooms, two public restrooms plus one private restroom, a large break room, and a dedicated storage room. Located in the heart of Beaumont Centre near Harrodsburg Road, New Circle Road, and Man O’ War Boulevard, the property is surrounded by restaurants, retail, and professional services. Offered at $3,100,000, this property provides flexibility for an owner-occupant to occupy the upper floors while benefiting from existing rental income on the first floor.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Office
Building Size
23,136 SF
Building Class
A
Year Built
2004
Price
$3,100,000
Price Per SF
$133.99
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
7,712 SF
Slab To Slab
12’
Building FAR
0.37
Lot Size
1.45 AC
Zoning
P-1 - Professional Office
Parking
100 Spaces (4.32 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
1 1
PROPERTY TAXES
| Parcel Number | 38111720 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,825,000 |
PROPERTY TAXES
Parcel Number
38111720
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,825,000
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1020 Monarch St
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