Office Building

1216 S Broadway Lexington, KY 40504

1216 S Broadway, Lexington, KY, 40504
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FOR LEASE
Property Type:
Multi Tenant Office
Amount:
Please Call Broker for Price

Last Verified:
Dec 10, 2024

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Highlights

  • +/-2,808 SF two-story office building
  • Situated at the signalized intersection of South Broadway and American Avenue
  • Includes reception area, 6 offices, conference room, restrooms and kitchenette
  • Additional lower level basement storage
  • 9 parking spaces
  • Conveniently located across from Lexington Clinic main campus, near the main University of Kentucky campus, several major student housing complexes, and CHI Saint Joseph Hospital
  • Approximately 1.5 miles from downtown Lexington
  • Zoned B-1, Neighborhood Business
  • Rental Rate: $23.00 PSF gross

Description

NAI Isaac is pleased to present 2,808 SF office building for lease near downtown Lexington.

This site is located on South Broadway Avenue, carrying +/-37,680 ('23) vehicles per day. Only 1½ miles from downtown Lexington, ½ mile from the University of Kentucky and The Red Mile. The University of Kentucky has over 30,720 students and over 12,500 employees. Presently, +71,655 employees are working within one mile of the property. The Red Mile is the second oldest harness track in the world. For over 130 years, harness racing’s elite have converged on The Red Mile to stage some of the greatest equine battles in history. In addition to each year's showcase horse racing, The Red Mile (home to the new Racino, a $42M renovation), in partnership with Keeneland, simulcasts 364 days a year.


Year Built: 1927
Building Size: 2808sq ft
Building Class: C
Lot Size: 0.17 acres


Documents

1216 South Broadway

Units for Lease

1216
Space Available: 2808 SF
Lease Type: Gross

Price Per Sqft/Year: $23.00

Map of 1216 S Broadway, Lexington, KY, 40504

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:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • 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.