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166 Pasadena Dr
Lexington, KY 40503
Fully Fit-Up Medical Office Building For Sale · Office Property For Sale

INVESTMENT HIGHLIGHTS

  • +/- 12,096 sf divided between two suites
  • Quick access to Nicholasville and New Circle Road
  • Access off Pasadena and Dennis Drive
  • Lease in place until July 2021
  • Ample Parking (5.37/1,000)

PROPERTY FACTS

Property Type
Office
Property Subtype
Medical
Building Size
11,904 SF
Building Class
C
Year Built
1987
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
11,904 SF
Building FAR
0.22
Lot Size
1.23 AC
Zoning
P-1 - professional office
Parking
25 Spaces (2.1 Spaces per 1,000 SF Leased)

AMENITIES

  • Kitchen
  • Air Conditioning

ABOUT 166 PASADENA DR , LEXINGTON, KY 40503

Over the last 15 years the property has been leased to two separate medical practices who will be vacating the premises the summer of 2021. The improvement is currently fit up to accommodate another medical/clinical user with amenities including the following: reception/waiting area, nursing stations, private exam rooms, admin offices, patient and employee restrooms, x- ray radiation room as well as a kitchenette in each suite. Other features of the property are ample on-site parking (65 spaces) and car access from both Pasadena Drive and Dennis Drive. With the timeline of availability a little over a year away, this provides a new user with plenty of time to plan improvements as well as the logistics of a move while experiencing some cash flow along the way. Lastly, the healthcare sector in Central Kentucky has been the most sustainable driving force of growth and stability in the Bluegrass economy. With nearly 18-percent of the area’s workforce employed in healthcare and related fields, the demand for properties like this one is and will continue to be in high demand.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
20027220
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,590,000
  • Listing ID: 18727932

  • Date on Market: 3/3/2020

  • Last Updated:

  • Address: 166 Pasadena Dr, Lexington, KY 40503

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