426 Codell Drive Lexington, KY
$ 580,000
Property Attributes
  • MLS#1800179
  • TypeCommercial
  • CountyFAYETTE
  • CityLexington
  • Area002 - Fayette County NE
  • Zip40509
  • StyleProfessional/Office
  • Price$ 580,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3648
  • Lot Size0.44 Acres
Listing Provided Courtesy Of:
Block + Lot Real Estate
Data Source:
Lexington - Bluegrass Association of REALTORS
Property Description

Two Story Office Building in Excellent Condition, approximately 1,824 SF per floor. Ground Floor Medical Fit up includes 5+ exam rooms with sinks and medical fit up, 2 restrooms, reception area, and certified'' compliant x-ray room- Owner occupied and Seller will vacate upon a sale which presents a great owner/occupant opportunity for a medical user, or the opportunity to lease the space out as an investment. Second Floor configured as two office suites, one of which is leased and is approx. 1,190 SF. Inquire with agent for lease information. Large basement, great for storage. Expansive Parking Lot with approximately 25 spaces. 2006 Appraisal available upon request, $600,000 valuation. Using a 3.75% interest rate, on a 20-year commercial loan with 20% down, the monthly mortgage would be under $2,700/Month. If you were to rent the medical suite for $17.00/SF, rent for that space alone would be appx. $2,500/Month. Three Tenant Building with two vacancies, inquire with Agent for details.

Price History
2/11/2021 Listed $580,000

General Features

Area 002 - Fayette County NE
Business Type Professional/Office
City Lexington
County Fayette
Directions Highly developed commercial sector within Lexington. Just off New Circle Rd close to immediate retail, residential, and industry (Palumbo Drive). Available utilities include water, sewer, gas, electric
Listingmembername Gregory Leveridge
Listingofficephone (859) 309-0099
Parking 21 - 35 Spaces
Property Type C
Status Active
Street Name Codell
Subdivision Commercial
Tax Rate 1.2174
Terms Sale
Year Built 2002

Interior Features

Stories Two

Exterior Features

Lot Size Acres 0.4400
Lot Size Square Feet 19166.42
Mls Identifier 20180201170722572567000000


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 40509

AVG $260K
AVG 81
Year Built
AVG 1993
AVG 48
Data Provided by Walkscore ® not using MLS data

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