Description

$600,000 ($164.47/SF)

3,648 SF (per PVA)

0.44 AC

  • 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, will lease back, see details below
  • Second Floor configured as two office suites, one of which is approx. 1,190 SF and leased until 2021. 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

Sale Leaseback Opportunity

Property Income Information: 

Upon Sale, owner will lease back the ground floor medical space for a term of 3 years, at $2,500/month + utilities.

  • $46,800/year income among existing Tenant and Seller as Tenant via sale/leaseback
  • Three Tenant Building with one Vacancy = Value Add Potential
  • 1 vacancy, 634 SF 2nd Floor Office Space
  • Inquire with agent for all leasing information

Contact:

Greg Leveridge
O: 859.309.0099 x222
C: 859.421.8959
Greg@BALrealestate.com

426 Codell Drive Flyer

Images

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Location

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, phone, fiber optics, cable. 


Questions?

Get in touch with us:

info@balrealestate.com
859.309.0099