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    167 Payne St Lexington, KY 40508

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    For Sale
    Contact for pricing

    8,000 SF industrial space with secured yard near downtown.

    Property Features for 167 Payne St

    General Information

    Zoning
    I-1

    Source: John Bunch, SIOR Agent John Bunch, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Industrial Space with Yard

    This property features approximately 8,000 square feet of light industrial space. Situated on just under 0.75 acres, the property offers a combination of warehouse space and expansive outdoor storage. The yard has been fully graveled, fenced, and secured. The building consists primarily of an open warehouse area, complemented by multiple offices constructed within the last year. Conveniently located just outside of downtown and in close proximity to Newtown Pike, the site offers access to the city’s major corridors and interstate systems. The property is zoned I-1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    211 Storage, Gateway Storage LLC, Crax Storage Facility, Prime Storage, Hometown Movers Corporation

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.504962
    Latitude
    38.055933

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    FAQs

    What type of property is this?
    Warehouse - 8,000 SF industrial space with secured yard near downtown.
    Where is this warehouse located?
    The property is located at 167 Payne St Lexington, KY.
    What is the asking price?
    The asking price for this property is $9.
    What are key features of this property?
    This property features: - Expansive, fully graveled, fenced, and secured outdoor storage yard.; - Excellent access to major city corridors and interstate systems (I-75).; - 8,000 SF of light industrial space available for lease.
    (859) 433-8911
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    167 Payne St Lexington, KY 40508
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    167 Payne St Lexington, KY 40508
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