330 Midland Pl Lexington, KY 40505
For Sale
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This exceptional 7,600-square-foot industrial warehouse, situated at 330 Midland Place in Lexington, Kentucky, presents a compelling sublease opportunity. Ideally located just off Winchester Road, this property offers a cost-effective and flexible storage solution. Renovated in 2018, the warehouse boasts a 16-foot clear height, enhancing storage capacity and maneuverability. A single 12-foot drive-in door ensures efficient loading and unloading of goods. The space is fully climate-controlled, providing optimal protection for stored items. Modern LED lighting illuminates the entire area, while strategically placed windows allow for ample natural light, reducing energy consumption and creating a brighter, more inviting workspace. The simplistic lease structure streamlines the rental process, making it an attractive option for businesses seeking a straightforward agreement. The property's central location offers easy access to key transportation arteries. It's approximately 1.5 miles from New Circle Road and roughly 3.5 miles from the intersection of Interstates 75 and 64, providing convenient access to the broader Lexington area and beyond. This warehouse is perfectly suited for general storage needs, overflow inventory, or contractor equipment storage. The 0.6-acre lot provides ample space for maneuvering and potential future expansion. The property's proximity to downtown Lexington further enhances its appeal. Sublease terms are flexible, allowing for customization to meet individual business requirements.
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hydra, LLC Industrial Manufacturer Production Facility
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 items to be repaired); and materials or equipment used in the conduct of the home occupation is limited to items that have minimal potential…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property 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 items to be repaired); and materials or equipment used in the conduct of the home occupation is limited to items that have minimal potential for disturbing surrounding properties due to noise or potentially harmful chemicals. Examples include, but are not limited to, sewing, handicrafts, homebased processing, and computer graphics, and/or design. Home office means an office for record-keeping and administration of work. Hospice means a facility that provides support and care for persons in the last stage of an incurable disease or condition, and to their families. Overnight, in-patient and out-patient facilities may be included, as well as offices, storage and an associated pharmacy. Medical care, palliative care, counseling and education may be provided. Hospitality house means a multifamily residence or boarding facility operated strictly on a non-profit basis, by a non-profit organization and utilized solely for the provision of temporary lodging for the immediate family and/or legal guardians of an individual undergoing treatment within a local hospital. Hotel means a building or group of buildings containing individual sleeping or living units, designed for the temporary occupancy of transient guests; and including hotels, tourist courts, motor lodges, motor hotels or auto courts, but not including boarding or lodging houses. Infill and redevelopment areas means areas located within the urban service area of Lexington-Fayette County, generally characterized by lots that were established prior to 1934. Excluded from these areas are lots that are located in an identified national register historic district where average residential lot sizes are greater than nine thousand, five hundred (9,500) square feet, and as more particularly described in the adopted comprehensive plan map of the infill and redevelopment areas. Infrastructure development agreement means an agreement for a project in which infrastructure improvements are proposed to be constructed among the LFUCG, the developer, and the project engineer, which specifies the obligations and requirements of the parties. The infrastructure development agreement shall be in a form and contain the requirements set forth in the procedures manual.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
