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230 W Main Street

Danville, KY 40422
  • $13,500,000
  • STATUS: Active
  • ON SITE: 106 Days
  • MLS #: 23021528
UPDATED: 74 min ago
$13,500,000
  • 0
    BEDS
  • 0.45
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 51,407
    SQFT
  • $263
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1918
County:
Area:

School Ratings & Info

Description

On behalf of Central Kentucky Ambulatory Surgery Center, LLC, Block+Lot is pleased to offer the Gilcher Building located at 230 W. Main Street in Danville, KY for sale. The Gilcher Building is a Class A, 51,407 SF, four-story, medical/professional office building investment that has a highly stabilized operating history. Anchored by the Central Kentucky Surgery Center and Ephraim McDowell as the primary tenants, the leases feature long and staggered terms, annual increases, and NNN structures. Contact agent for financial details. Property Highlights:- 75% of occupied space has 8+ years of term remaining- 3% Annual Increases- NNN Leases- 98% Occupied- 7.40% Year 1 Cap Rate- Direct access to Ephraim McDowell parking garageThe Gilcher Building is located in the heart of Downtown Danville, KY at 230 W. Main Street. Appx. 35 miles south of Lexington, Danville is seen as one of the most charming and stabilized tertiary markets in KY. Just down the street from the Gilcher Building is Centre College, widely regarded as the most prominent liberal arts institutions in the Commonwealth of Kentucky.

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Lexington-Bluegrass Association of Realtors logo
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Bluegrass REALTORS® Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than Vanessa Vale Team | Keller Williams Bluegrass are marked with the IDX logo and detailed information about them includes the name of the listing IDX Brokers. Information is deemed reliable but is not guaranteed accurate by the MLS or listing broker.
www.vanessavale.com/homes/145066536
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230 W Main Street Danville, KY 40422

  • Price: $13,500,000
  • Status: Active
  • On Site: 106 Days
  • Updated: 74 min ago
  • MLS #: 23021528
0
Beds
0
Baths
0
½ Baths
0.45
Acres
51,407
SQFT
$263
$/SQFT
1918
Built
Neighborhood:
Commercial
County:
Boyle
Area:
Boyle County
Property Description
On behalf of Central Kentucky Ambulatory Surgery Center, LLC, Block+Lot is pleased to offer the Gilcher Building located at 230 W. Main Street in Danville, KY for sale. The Gilcher Building is a Class A, 51,407 SF, four-story, medical/professional office building investment that has a highly stabilized operating history. Anchored by the Central Kentucky Surgery Center and Ephraim McDowell as the primary tenants, the leases feature long and staggered terms, annual increases, and NNN structures. Contact agent for financial details. Property Highlights:- 75% of occupied space has 8+ years of term remaining- 3% Annual Increases- NNN Leases- 98% Occupied- 7.40% Year 1 Cap Rate- Direct access to Ephraim McDowell parking garageThe Gilcher Building is located in the heart of Downtown Danville, KY at 230 W. Main Street. Appx. 35 miles south of Lexington, Danville is seen as one of the most charming and stabilized tertiary markets in KY. Just down the street from the Gilcher Building is Centre College, widely regarded as the most prominent liberal arts institutions in the Commonwealth of Kentucky.
Exterior Features

Construction Materials BrickGlassSteel Parking Off Site Roof MembraneRubber Stories BasementFour

Interior Features

Building Square Footage 51407 Leasable Square Footage 1045 Sprinklers DryWet

Property Features

Business Type OtherProfessional/Office Current Zoning Commercial Miscellaneous Features Passenger Elevator Tax Rate 13.85 Terms Sale

Bluegrass REALTORS® logo Listing provided courtesy of Peter Barr of Block + Lot Real Estate: (859) 309-0099 . Listing information © 2024 Bluegrass REALTORS® Multiple Listing Service. All rights reserved.
Lexington-Bluegrass Association of Realtors logo
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Bluegrass REALTORS® Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than Vanessa Vale Team | Keller Williams Bluegrass are marked with the IDX logo and detailed information about them includes the name of the listing IDX Brokers. Information is deemed reliable but is not guaranteed accurate by the MLS or listing broker.
 
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