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    Main St Nicholasville, KY 40356

    Sponsored
    For Lease
    $12 SF/Yr

    Prime Lexington Submarket, 18,000 SF Available

    Lot size:
    24,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Nicholasville property, located at S Main St, 40356, offers a unique blend of retail, industrial, and land opportunities. The single-story, 24,000 square foot building, constructed in 2023, sits on a 6.43-acre lot and is currently zoned I-1 and B-1 in Jessamine County. The property features flexible space ideal for various uses, with a minimum divisible unit of 3,000 square feet and a significant 18,000 square feet currently vacant. This presents an immediate opportunity for businesses seeking ready-to-occupy space. Furthermore, the property includes development potential. Specifically, Lot 71 (1.15 acres, B-1 zoning) is available for purchase, and there's an expansion opportunity for an additional 15,000 square feet of office and warehouse space. The property's location in the Lexington submarket provides excellent access to transportation and a strong workforce. This versatile property is perfect for businesses seeking a strategic location with immediate occupancy and future expansion capabilities. The property is situated in a thriving industrial park, offering a convenient and efficient environment for operations. This is a rare opportunity to acquire a substantial property with immediate and long-term growth potential in a desirable Kentucky location.

    Property Features for 0 Main St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    24,000 SF
    Total Rate
    24000

    Building Details

    Year Built
    2023
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Lot 71
    Size
    50,094 SF
    Space
    Vacant Space #2
    Size
    3,000 SF
    Rate per SF
    $12
    Space
    Vacant Space #3
    Size
    3,000 SF
    Rate per SF
    $12
    Space
    Vacant Space #1
    Size
    3,000 SF
    Rate per SF
    $12

    HighLights

    • Three buildable lots available.
    • 15,000 square foot expansion underway on Lot 73.
    • Two miles south of Nicholasville's downtown.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Nicholasville
    County
    Jessamine
    State
    Kentucky
    Longitude
    -84.580855
    Latitude
    37.861891

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    FAQs

    What type of property is this?
    Distribution property - Prime Lexington Submarket, 18,000 SF Available
    Where is this distribution property located?
    The property is located at Main St Nicholasville, KY.
    What is the lease rate?
    The lease rate is $0.00-$12 SF/Yr.
    What are key features of this property?
    This property features: Three buildable lots available.; 15,000 square foot expansion underway on Lot 73.; Two miles south of Nicholasville's downtown.
    Request Owner's contact information
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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
    Main St Nicholasville, KY 40356
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