429 North Broadway Unit #101, Lexington, KY 40508

$780,000
6,167
SqFt
Sold Price
$780,000
List Price
$849,000
Closing Date
Feb 26, 2021
MLS#
20007754
Status
CLOSED
Type
Commercial
Living Area
6,167

Property Description

This one of a kind property offers a refined sense of charm and history. High ceilings, expansive windows, hardwood floors, decorative fireplaces, & crown moldings abound throughout this 3 story gracious layout. Featuring appx. 12 private offices, kitchenette/break room, 3 restrooms, conference room, and multiple addtl. work station areas to accommodate more employees, this makes for an attractive/functional work environment. Also included in the offering is a variety of furniture. There is also a large unfinished basement that is ideal for file & related storage, & a private parking lot. This is a great opportunity to purchase a building for your business with a lower monthly cost than renting office space downtown. Using a 3.75% interest rate, on a 20 year commercial loan with 20% down, the monthly mortgage would be under $4,100. If you were to rent this building for $14.50/SF, the monthly base rent alone would be $7,451/Month.

Additional Information

Year Built
1880

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Calculator source: Real Geeks

Listing courtesy of Block + Lot Real Estate. Selling Office: Block + Lot Real Estate.