255 S. Forbes Road

Industrial for Sale
Catylist Listing ID: 30315717
Property Subtypes: Manufacturing, Light Industrial, Warehouse/Distribution
Building Size (RSF): 332,148 SF
Gross Building Area: See Agent
Gross Land Area: 18.43 Acres
Sale Price: $4,255,000
Unit Price: $12.81 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 9/14/2018

Overview / Comments

Two Primary Industrial Buildings:
1) 51,600 SF with 4 dock doors, 1 drive-in door
2) 52,050 SF with 4,582 SF Office, 2 dock doors, 1 drive-in door
18.43 Acre Site
I-2 Zoning (Heavy Industrial)

Highlights

-There are 9 secondary warehouses on the property, each approximately 25,000 SF and with useful life remaining to accommodate storage
-If additional storage is not a necessity, the 9 secondary warehouses could be taken down by Buyer to accommodate development of additional primary Industrial Buildings. Great opportunity to develop an I-2/Heavy Industrial zoned Industrial Park.

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Zoning: I-2
Area Description: 255 S. Forbes Road is adjacent to McConnell Springs Park and the Central Rock Quarry with 980′ of frontage along S. Forbes Road running between Versailles Road and Old Frankfort Pike inside of New Circle Road. Inside New Circle Road, approximately one mile west of the Central Business District and Downtown, 5 miles east the 255 S. Forbes Road is adjacent to McConnell Springs Park and the Central Rock Quarry with 980′ of frontage along S. Forbes Road running between Versailles Road and Old Frankfort Pike inside of New Circle Road. Inside New Circle Road, approximately one mile west of the Central Business District and Downtown, 5 miles east the Bluegrass International Airport, approximately 5.4 miles from Interstates 75/64.
Total Number of Buildings: 11
Zoning Description: Heavy Industrial

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,152 110,592 218,301
Median Age: 26.88 33.94 35.57
Households: 6,310 44,959 91,605
© Copyright 2001-2018 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.