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1031 Wellington Way 584 SF Office Condo Unit Offered at $192,823 CAD in Lexington, KY 40513
EXECUTIVE SUMMARY
A Data-Driven Commercial Investment! 1031 Wellington Way Unit 230 offers a rare combination of passive income potential and strategic location fundamentals. Situated in a P-1 zone supported by a massive daytime workforce of nearly 40,000 employees and a wealthy residential base ($104k+ Median Income), this asset is insulated by strong tenant demand. The location tells the story: 31,719+ daily traffic count, immediate access to Man O' War and New Circle, and a walkability to "Class A" amenities like Palomar Center. The unit features professional finishes, fiber optic internet, and updated LED lighting. With a low monthly HOA of $124 covering key utilities, the numbers make sense. Whether for an owner-user seeking equity or an investor seeking a safe hold in a prime zip code, this is a secure entry into the Lexington commercial market. Directions: New Circle Rd. to Harrodsburg Rd. 1.3 miles to right onto Wellington Way, or Man-O-War to Harrodsburg Rd., left onto Wellington Way. When facing the building, enter on the right side. Take stairway to the left to second floor. Unit 230 is on the left. Latitude: 38.005841 Longitude: -84.569915
PROPERTY FACTS
| Total Building Size | 21,000 SF | Typical Floor Size | 584 SF |
| Property Type | Office (Condo) | Year Built | 2006 |
| Property Subtype | Medical | Lot Size | 1.56 AC |
| Building Class | A | Parking Ratio | 2.38/1,000 SF |
| Floors | 2 | ||
| Zoning | P-1 - Condominium | ||
| Total Building Size | 21,000 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | A |
| Floors | 2 |
| Typical Floor Size | 584 SF |
| Year Built | 2006 |
| Lot Size | 1.56 AC |
| Parking Ratio | 2.38/1,000 SF |
| Zoning | P-1 - Condominium |
AMENITIES
- Air Conditioning
1 UNIT AVAILABLE
Unit 230
| Unit Size | 584 SF | Sale Type | Owner User |
| Price | $192,823 CAD | Sale Conditions | REO Sale |
| Price Per SF | $330.18 CAD | APN/Parcel ID | 38173530 |
| Condo Use | Office |
| Unit Size | 584 SF |
| Price | $192,823 CAD |
| Price Per SF | $330.18 CAD |
| Condo Use | Office |
| Sale Type | Owner User |
| Sale Conditions | REO Sale |
| APN/Parcel ID | 38173530 |
DESCRIPTION
A Data-Driven Commercial Investment! 1031 Wellington Way Unit 230 offers a rare combination of passive income potential and strategic location fundamentals. Situated in a P-1 zone supported by a massive daytime workforce of nearly 40,000 employees and a wealthy residential base ($104k+ Median Income), this asset is insulated by strong tenant demand. The location tells the story: 31,719+ daily traffic count, immediate access to Man O' War and New Circle, and a walkability to "Class A" amenities like Palomar Center. The unit features professional finishes, fiber optic internet, and updated LED lighting. With a low monthly HOA of $124 covering key utilities, the numbers make sense. Whether for an owner-user seeking equity or an investor seeking a safe hold in a prime zip code, this is a secure entry into the Lexington commercial market.
Directions: New Circle Rd. to Harrodsburg Rd. 1.3 miles to right onto Wellington Way, or Man-O-War to Harrodsburg Rd., left onto Wellington Way. When facing the building, enter on the right side. Take stairway to the left to second floor. Unit 230 is on the left. Latitude: 38.005841 Longitude: -84.569915
SALE NOTES
Call Listing Agent; No Sign; Restricted Hours; Showing Service
Showing Information: Showing Contact Phone: 352-251-6763; Showing Instructions: No showings on Friday. During Business hours (M-F, 9 a.m. - 4 .m.) please call ahead as the unit may be in use. Current tenant is month-to-month and will vacate when sold.
+7 More
4 Outside 367 River Dr-53
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9 Outside 367 River Dr-70
10 Outside 367 River Dr-61
11 Outside 367 River Dr-58
12 Outside 367 River Dr-57
13 Outside 367 River Dr-60
14 Outside 367 River Dr-71
15 Outside 367 River Dr-72
MAJOR TENANT INFORMATION Click Here to Access
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| Mark Wohlander Llc |
-
|
Jan 0000
|
| Citizens Bank |
-
|
Jan 0000
|
| Bellwether Enterprise Real Estate Capital, Llc |
-
|
Jan 0000
|
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1031 Wellington Way
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