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624 Chamberlin Ave
Frankfort, KY 40601
Office Property For Sale


INVESTMENT HIGHLIGHTS
- Turnkey investment with stable rental income and minimal immediate capital needs
- Two suites, both occupied by long-term medical tenants.
EXECUTIVE SUMMARY
This exceptional 10,062 square foot free-standing medical office building, built in 2003, is situated on 1.09 acres in the prestigious Diagnostic Office Park, just behind Frankfort Regional Medical Center. Offering a prime location within Frankfort’s medical corridor, this property presents an outstanding opportunity for investors seeking a fully leased, income-generating asset.
The building is currently divided into two suites, both occupied by long-term medical tenants. Suite A encompasses approximately 5,610 square feet and is leased to Kentucky One Health through June 4, 2028. This space features a spacious lobby and reception area with a service counter, an open physical therapy room, a procedure room with an office, six exam rooms with plumbing, five private offices, and an executive suite with a private restroom. Additional amenities include three private restrooms, a break room, kitchenette, and an IT/phone closet.
Suite B measures 4,452 square feet and is leased to Commonwealth Specialists of Kentucky through February 28, 2030. This suite includes a large lobby and waiting area, a nurses station, 11 exam rooms with sinks, six private offices, a lab area, two private restrooms, and access to common area restrooms.
Offered at $1,500,000, this property is a turnkey investment with stable rental income and minimal immediate capital needs. Located in a high-demand medical setting, 624 Chamberlin Drive represents a rare opportunity to acquire a premium healthcare asset in Central Kentucky
The building is currently divided into two suites, both occupied by long-term medical tenants. Suite A encompasses approximately 5,610 square feet and is leased to Kentucky One Health through June 4, 2028. This space features a spacious lobby and reception area with a service counter, an open physical therapy room, a procedure room with an office, six exam rooms with plumbing, five private offices, and an executive suite with a private restroom. Additional amenities include three private restrooms, a break room, kitchenette, and an IT/phone closet.
Suite B measures 4,452 square feet and is leased to Commonwealth Specialists of Kentucky through February 28, 2030. This suite includes a large lobby and waiting area, a nurses station, 11 exam rooms with sinks, six private offices, a lab area, two private restrooms, and access to common area restrooms.
Offered at $1,500,000, this property is a turnkey investment with stable rental income and minimal immediate capital needs. Located in a high-demand medical setting, 624 Chamberlin Drive represents a rare opportunity to acquire a premium healthcare asset in Central Kentucky
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Office
Building Size
10,062 SF
Building Class
B
Year Built
2005
Price
$1,500,000
Price Per SF
$149.08
Cap Rate
7.89%
NOI
$118,390
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
10,062 SF
Building FAR
0.21
Lot Size
1.09 AC
Zoning
Commercial
Parking
42 Spaces (4.17 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 050-00-00-001.33 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,150,000 |
PROPERTY TAXES
Parcel Number
050-00-00-001.33
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,150,000
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