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    2502 Spurr Rd Lexington, KY 40511

    For Lease
    Contact for pricing

    Customizable Manufacturing & Warehouse Space

    Lot size:
    200,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional build-to-suit opportunity in Lexington, KY, offers 200,000 square feet of flexible industrial space, perfect for manufacturing, flex, warehouse, or distribution needs. The property, located at 2502 Spurr Rd, Lexington, KY 40511 (APN 20774500), is zoned I-1, Light Industrial, and boasts a prime location with easy access to Georgetown Road, New Circle Road, and Interstates 75/64. The single-story building offers a minimum divisible space of 25,000 square feet, with the potential for contiguous space up to the full 200,000 square feet. High ceilings at 32 feet provide ample vertical clearance for various industrial uses. A potential concept involves two buildings, each approximately 70,500 square feet, offering a blend of office and warehouse space. This is an ideal location for businesses seeking a customized industrial facility in a strategic Lexington location. The property is ready for development to meet your specific requirements, allowing for a tailored solution to optimize your operational needs. Contact us today to discuss your build-to-suit requirements and explore the possibilities of this exceptional industrial property.

    Property Features for 2502 Spurr Rd

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    200,000 SF

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    Building
    Size
    200,000 SF

    HighLights

    • Build‑to‑suit opportunity for 25,000 - 200,000 SF of office/warehouse space.
    • 32' clear ceiling height.
    • Excellent location: 3 miles to I‑64, 11 miles to Blue Grass Airport, and easy access to I‑75/64 via Georgetown Road and New Circle Road.
    • Located on Spurr Road, Lexington, KY (APN 20774500).
    • Zoned I‑1, Light Industrial.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Realty agency Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Clothing Store Gym & Fitness Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.5188805
    Latitude
    38.1028818

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    FAQs

    What type of property is this?
    Distribution property - Customizable Manufacturing & Warehouse Space
    Where is this distribution property located?
    The property is located at 2502 Spurr Rd Lexington, KY.
    What are key features of this property?
    This property features: Build-to-suit opportunity for 25,000 - 200,000 SF of office/warehouse space.; 32' clear ceiling height.; Excellent location: 3 miles to I-64, 11 miles to Blue Grass Airport, and easy access to I-75/64 via Georgetown Road and New Circle Road.
    Request Owner's contact information
    2502 Spurr Rd Lexington, KY 40511
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    Lexington, KY 40511
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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
    2502 Spurr Rd Lexington, KY 40511
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