Corporate Drive Office Building

881 Corporate Drive Lexington, KY 40503

881 Corporate Drive, Lexington, KY, 40503
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FOR SALE
Property Type:
Multi Tenant Office
Amount:
$2,400,000
Last Verified:
Mar 27, 2025

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Highlights

  • +/-19,642 SF (per PVA) two-story office building
  • 100% occupied office investment opportunity
  • NOI - $186,000; CAP Rate – 7.75%
  • 6 year Weighted Average Lease Term (WALT)
  • 72 parking spaces (1:273 sf) - large lot, ample parking
  • Located in Corporate Center at the intersection of Harrodsburg & New Circle Roads
  • Convenient access to the Blue Grass Airport, downtown Lexington, upscale residential communities, retail, hotel accommodations, financial institutions and Keeneland Race Course

Description

NAI Isaac is pleased to present a +/-19,642 SF office building for sale located in Corporate Center in Lexington, Kentucky. Corporate Center has convenient access to the Blue Grass Airport, downtown Lexington, upscale residential communities, retail, hotel accommodations, financial institutions and Keeneland Race Course.

Strategically located in Lexington's southwest submarket, Corporate Business Center is at the intersection of New Circle and Harrodsburg Roads. This location offers convenient access to the major arteries and interstates serving the Lexington, Central and Eastern Kentucky region. The property also has convenient access to the Blue Grass Airport, downtown Lexington, upscale residential communities, retail, hotel accommodations, financial institutions and Keeneland Race Course.


Year Built: 1980
Building Size: 19642sq ft
Building Class: B
Lot Size: 1.36 acres


Documents

881 Corporate Drive, Lexington

Map of 881 Corporate Drive, Lexington, KY, 40503

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
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