Office Building with Multi-Tenant Lower
For Sale
$15,500,000
1170 Manchester Street, Lexington, KY 40508
COMMERCIAL - Lexington, KY
Property Size200,000 SF
Lot Size7.00 Acres
Price / SF$77.50
Days on Market565
Property Features for 1170 Manchester Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
I-2
Parking
56
Subdivision
Commercial
Directions
Manchester Street away from Downtown. Property is on your right.
Standard status
Active
APN
25642500 / 22406000
Size
200,000 SF
Lot size
7.00 Acres
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Building Details
Year built
1935
Floors in Building
5
Building materials
Brick, Concrete
Roof type
Flat, Tar/Gravel
Listing Agency:
Bluegrass Sotheby's International Realty
(859) 268-0099
Listed By:
Christopher Mitchell · License #197495
(859) 321-2898
Added: Feb 3, 2025
Changed: Aug 4
Last Checked: Aug 22 at 7:06AM
MLS# 25001835
Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office building offers a redevelopment pathway with the lower level currently leased to multiple tenants, while leaving the top four floors available for a new plan. The property is set on a seven-acre site and includes a total size of 200,000 square feet.
The building is constructed with brick and concrete and was built in 1935. Roof systems include tar/gravel and flat roofing. Public sewer service is available, and phone service is available, supporting a range of office use considerations.
Operationally, the property provides ample parking and is positioned for high visibility within the Distillery District area of Lexington, Kentucky.
The building is constructed with brick and concrete and was built in 1935. Roof systems include tar/gravel and flat roofing. Public sewer service is available, and phone service is available, supporting a range of office use considerations.
Operationally, the property provides ample parking and is positioned for high visibility within the Distillery District area of Lexington, Kentucky.
Key Highlights
- Seven‑acre site with 200,000 SF total building size
- Lower level currently leased to multiple tenants
- Top four floors available for redevelopment
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
713
Businesses Nearby
Explore this area
Business Placement
Demographics for 40508, KY
25,586
Population
11,458
Households
2.2
Avg Household Size
26
Median Age
36%
College-Educated
86%
High-School Grad
4.2 sq mi
ZIP Area
6,092
Density / Sq Mi
$28,040
Median Household Income
$13,316
Median Earnings
$900
Median Rent
$174,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Multi-tenant leased lower level with additional floors available for redevelopment in an office building on a seven-acre site.
Where is this office building located?
The property is located at 1170 Manchester Street Lexington, KY.
What is the asking price?
The asking price for this property is $15,500,000.
What are key features of this property?
This property features: Seven‑acre site with 200,000 SF total building size; Lower level currently leased to multiple tenants; Top four floors available for redevelopment
