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    2425 Palumbo Dr Lexington, KY 40509

    Sponsored
    For Lease
    Contact for pricing

    Modern Warehouse, Ready for Occupancy

    Lot size:
    102,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 102,400-square-foot Class A warehouse offers a single-tenant occupancy opportunity. Built in 1971 and extensively renovated in 2021, the property boasts a modern design and efficient layout. Situated on a 4.3-acre lot, the building features a substantial 26-foot ceiling height, providing ample vertical storage space. Eleven loading docks and one drive-in door ensure efficient loading and unloading operations. The property is zoned I-1 (Light Industrial), making it suitable for a variety of industrial uses. Power is supplied by Kentucky Utilities, offering a robust three-phase, 240-volt, 800-amp service. The entire 102,400 square feet is currently vacant and available for immediate lease. This property represents a rare opportunity to secure a large, well-maintained warehouse space in a desirable location. Its recent renovation ensures modern amenities and efficient operations, making it an ideal choice for businesses seeking a high-quality industrial space. The ample lot size provides additional flexibility for expansion or outdoor storage. Interested parties should review the property brochure for complete details.

    Property Features for 2425 Palumbo Dr

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    102,400 SF

    Building Details

    Year Built/Renovated
    1971/2021
    Buildings
    1

    Unit(s) available at that property

    Space
    Size
    102,400 SF

    HighLights

    • 102,400 SF Class A warehouse available for lease.
    • Single‑tenant occupancy.
    • 102,400 SF of vacant space.
    • 4.3‑acre lot.
    • Built in 1971, renovated in 2021.
    • 26' ceiling height.
    Property Profile Location Intelligence

    Current Use by Public Records

    W T Young ... Self-Storage Facility

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.4480705
    Latitude
    38.0205

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    FAQs

    What type of property is this?
    Distribution property - Modern Warehouse, Ready for Occupancy
    Where is this distribution property located?
    The property is located at 2425 Palumbo Dr Lexington, KY.
    What are key features of this property?
    This property features: 102,400 SF Class A warehouse available for lease.; Single-tenant occupancy.; 102,400 SF of vacant space.
    Request Owner's contact information
    2425 Palumbo Dr Lexington, KY 40509
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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
    2425 Palumbo Dr Lexington, KY 40509
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