Entity Owned Property summary
This exceptional 26,000-square-foot industrial/office property in Lexington, Kentucky, presents a unique opportunity for a single tenant. Situated on a 1.55-acre lot, the building boasts a desirable location, easily accessible from major thoroughfares like E New Circle Road and Liberty Road, within a mile of Winchester Road, and less than a ten-minute drive to I-75. Built in 1963, the property features a flexible layout suitable for various industrial and office uses. Ceiling heights range from 10.5 to 12.8 feet, providing ample vertical space. The building includes convenient loading and unloading capabilities with two drive-in doors and one dock-high door with a leveler. The property also offers surface parking. Zoned I-1 (Light Industrial), this location is surrounded by similar businesses, making it an ideal spot for a variety of light industrial operations. The property's ample size and strategic location make it an attractive option for businesses seeking a functional and accessible space. The parcel's APN is 21697700, and it's located in Fayette County. This single-tenant building offers significant potential for a company looking to establish or expand its operations in a thriving industrial area. The property is ready for immediate occupancy.
Property profile
VerifiedCap rate & NOI
Current use
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HVAC Service General Contractor
Location
Value estimations
Owner & transaction history
Zoning & alternative use
I-1 or I-2 zone. Home occupation means a gainful occupation or profession carried on in a residence that does not involve customer or client visits to the residence (excluding pick-up or pre-ordered items or drop-off of…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
I-1 · Lexington, KYI-1 or I-2 zone. Home occupation means a gainful occupation or profession carried on in a residence that does not involve customer or client visits to the residence (excluding pick-up or pre-ordered items or drop-off of…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
I-1 or I-2 zone. Home occupation means a gainful occupation or profession carried on in a residence that does not involve customer or client visits to the residence (excluding pick-up or pre-ordered items or drop-off of…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for I-1 in Lexington, KY.
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