3138 Custer DrLexington, KY 40517

For Sale
$1,739,000

14,850 SF Office Building, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
92
This two-story, 14,850 square foot Class B office building in Lexington, KY, presents a compelling owner-user opportunity. Located at 3138 Custer Drive, this multi-tenant property boasts 70 parking spaces and is situated on a 1.12-acre lot. Built in 1990 with various renovations, it features a high-efficiency HVAC system, sprinkler and security systems, and a prominent monument sign. The building is zoned P-1 for professional office use and enjoys excellent access to major thoroughfares including Man O' War Boulevard, New Circle Road, and Interstates 75/64. Currently housing six tenants, the property offers a strong net operating income (NOI) of $130,882, resulting in a 7.53% cap rate. The asking price is $1,739,000. Detailed financial information is available upon request. This value-add investment is ideal for medical, professional, or general office use, benefiting from its convenient location and strong surrounding commercial and residential density. The property includes an elevator.

Highlights

  • Ideal owner-occupant opportunity.
  • 14,850-square-foot, two-story office building with elevator.
  • Prominent location near Pimlico Parkway and Man O' War Boulevard.
  • Equipped with fire sprinkler and security systems.
  • High-efficiency HVAC system with rooftop units and zoned climate control.
  • Monument signage on Custer Drive.

Property Details for 3138 Custer Dr

Property type
Other office properties, Medical offices
Square Feet
14,850 SF
Class
B
Year Built
1990
Buildings
1
Stories
2
Lot Size (sq. ft)
48,787 SF

Location Insight

City
Lexington
County
Fayette
State
Kentucky
Latitude
37.9886197
Longitude
-84.4589831
3138 Custer Dr, Lexington, Kentucky

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3138 Custer Dr
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