205 Geri Lane

Highlights:

• Lot Size: Under 1/2 Acre

Description:

Directions: From Lexington take I75 Exit 87, turn left off of exit, left onto Barnes Mill Road, right onto Geri Lane, 2nd building on the right. See front parking lot and office building

PRICE BELOW APPRAISAL & EXCELLENT INVESTMENT PROPERTY! Well maintained Office Building for sale in desirable high density commercial area very close to the Eastern Bypass, EKU, Barnes Mill Rd residential areas, I75 Exit 87. 5,140 2 story building on with more than ample parking. Zoned B-3, this investment property has 6 units including 4 upstairs 1 bedroom, 1 bathroom, apartments with back entrance and hallway in between. 2 commercial rental units on 1st floor presently leased to Eye car center and this lease expires on 03/01/2027 (if tenant takes last year option to lease 3/1/26). Tenant occupying both units pays 1820/mo plus electric. 1st floor 3- 1/2 bathrooms, 3 examining rooms, office, lobby, 2 reception areas, 2 addtl offices, good storage. Upstairs (back entrance access only) 4-1br 1 ba & kitchen/den w/ nice lvt flooring entrance & hall carpet. Hall painted 11/24. Each unit has own circuit breaker box & pays own electric. Landlord pays water and sewer. New carpet summer 2024 in all 4 units, cabinets, appliances, counters in each kitchen replaced 4 yrs ago about. No washer/dryer at present but could be added on 1st floor back storage room to share. Excellent parking
sewer pipe was relined, all downstairs relined cast iron pipes, downstairs bathrooms have pvc, roof is rubber, 5 parking spaces in back for apartment entrance, drive to back a part of this property. right brick wall as you look at front is owned by this property and installed in recent years. Built in the early 1970's & survey says 1973 so seller believes built in 1973; current owner has owned 33 years. There is no sign on property.

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