Industrial Land Portfolio with
For Sale
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1247 Versailles Road, Lexington, KY 40508
Three Lexington properties combine industrial improvements with substantial additional acreage and multiple industrial zoning designations.
Property SizeContact for details
Days on Market145
Property Features for 1247 Versailles Road
General Information
Standard status
Active
Property subtype
Industrial, Land
Listing Agency:
Block + Lot
(859) 351-7924
Listed By:
Greg Leveridge · License #KY 71312
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 29 at 1:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Block + Lot
Investment Insights
Based on property information with market context.
The GF Vaughan Tobacco Co. portfolio includes three industrial properties totaling 1,114,895 SF across 70.84 acres. Primary buildings account for 412,037 SF and are positioned for warehousing, distribution, and manufacturing operations. The portfolio also includes approximately 53 acres of additional industrial land, while secondary buildings totaling 700,373 SF are underwritten at land value.
The properties are located at 1247 Versailles Road in Lexington, Kentucky, and carry B-4 (Wholesale and Warehouse Business), I-1 (Light Industrial), and I-2 (Heavy Industrial) zoning designations. The primary buildings generate a pro forma NOI reflected by a 7.05% cap rate for the overall portfolio.
The properties are located at 1247 Versailles Road in Lexington, Kentucky, and carry B-4 (Wholesale and Warehouse Business), I-1 (Light Industrial), and I-2 (Heavy Industrial) zoning designations. The primary buildings generate a pro forma NOI reflected by a 7.05% cap rate for the overall portfolio.
Key Highlights
- 1,114,895 SF of industrial space across 70.84 acres
- 412,037 SF of primary buildings for warehousing, distribution, and manufacturing
- Approximately 53 acres of additional industrial land
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
637
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial land - Three Lexington properties combine industrial improvements with substantial additional acreage and multiple industrial zoning designations.
Where is this industrial land located?
The property is located at 1247 Versailles Road Lexington, KY.
What are key features of this property?
This property features: 1,114,895 SF of industrial space across 70.84 acres; 412,037 SF of primary buildings for warehousing, distribution, and manufacturing; Approximately 53 acres of additional industrial land
