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333 Waller Ave
Lexington, KY 40504
Office Property For Sale
Executive Summary
333 WALLER AVE – Income Property with Redevelopment Potential
Property Information:
Asking Price: $3,950,000
OFFER DEALINE: 12 PM EST on APRIL 1ST
Building Size: 46,656 SF
Lot Size: 1.693 AC
Zoning: P-1 Professional Office
Year Built: 1971
Traffic Count: 12,403/day
Existing, stabilized income stream with high occupancy. Outstanding redevelopment opportunity for student housing and other uses.
Major traffic corridor between Nicholasville Road and Harrodsburg Road and located at the doorstep of the University of Kentucky campus near major UK Healthcare expansion.
High quality income from UK and Commonwealth of Kentucky leases. Selling due to dissolution of partnership and retirement.
Property Information:
Asking Price: $3,950,000
OFFER DEALINE: 12 PM EST on APRIL 1ST
Building Size: 46,656 SF
Lot Size: 1.693 AC
Zoning: P-1 Professional Office
Year Built: 1971
Traffic Count: 12,403/day
Existing, stabilized income stream with high occupancy. Outstanding redevelopment opportunity for student housing and other uses.
Major traffic corridor between Nicholasville Road and Harrodsburg Road and located at the doorstep of the University of Kentucky campus near major UK Healthcare expansion.
High quality income from UK and Commonwealth of Kentucky leases. Selling due to dissolution of partnership and retirement.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
46,656 SF
Building Class
B
Year Built
1971
Price
$3,950,000
Price Per SF
$84.66
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
11,000 SF
Slab To Slab
12’
Building FAR
0.63
Lot Size
1.69 AC
Zoning
P-1 - Commercial Office Building
Parking
100 Spaces (2.27 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Signage
- Air Conditioning
Property Taxes
| Parcel Number | 14148500 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,755,400 |
Property Taxes
Parcel Number
14148500
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,755,400
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