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Property profile

188 Turner Cmns Lexington, KY 40511

OFF-MARKET
Warehouses
38,200 SF Built 1959
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Property summary

AI-generated overview

This exceptional 38,200-square-foot industrial flex space at 188 Turner Commons Way in Lexington, Kentucky, presents a unique investment opportunity. The property, situated on a 1.11-acre lot, boasts a newly renovated interior (2024) within a single-story building constructed in 1959. The flexible layout allows for various configurations, with a minimum divisible space of 6,000 square feet and a maximum contiguous space of 38,200 square feet—the entire building is currently vacant. The high ceilings range from 13 to 28 feet, and the property features two drive-in doors for convenient loading and unloading. Power is supplied by a 60-amp system. The property is zoned I-1 and its APN is 20130900. Located in Fayette County, this property offers unparalleled accessibility, less than five miles from the I-75/I-64 interchange, under a mile from New Circle Road, and just blocks from Lexington's Central Business District. This prime location provides exceptional convenience to area retail and Lexington's vibrant downtown core. The property's address is 188 Turner Cmns Wy, Lexington, KY 40511.

Property profile

Verified
Property type Warehouses
Year built 1959
Total area 38,200 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

188 Turner Cmns Lexington, KY 40511
Lexington metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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