1953 Mercer Road

Industrial for Sale
Sale Pending
Catylist Listing ID: 30864644
Property Subtypes: Manufacturing, Light Industrial
Status: Pending
Building Size (RSF): 178,379 SF
Gross Land Area: 13.98 Acres
Sale Price: $9,000,000
Unit Price: $50.45 PSF
Ceiling: 18 ft. Clear
Docks/Doors: 4 Docks
Office SF: 32,398 SF
Drive In Bays: 2 Bays
Property Use Type: Vacant/Owner-User
Usable Size (USF): 178,379 SF
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 2/29/2024

Overview / Comments

We are pleased to take to market for sale 1953 Mercer Road in Lexington, KY. 1953 Mercer Road is a 178,379 SF (per PVA) manufacturing facility on 13.976 I-1 zoned acres. Originally constructed in 1964/1970, the building features: 32,398 SF of office consisting of a combination of open cubicles, perimeter offices and conference/meeting areas, etc., 145,981 SF of warehouse, metal/steel/masonry construction, appx. 522’ x 283’ warehouse dimensions, T-5 lighting, 18’ clear height, 40’ x 40’ column spacing, compressors with drops throughout, 10 cranes, heavy 3 phase power, 4 docks, 2 drive-ins, wet sprinkler system, 271 parking spaces (some of which are secured), 100% temperature-controlled warehouse, security system with exterior cameras, 9 total restrooms including 3 locker rooms, a large cafeteria, and an exterior break/eating area.

Property Highlights:
- Corner Location
- Additional Land
- Heavy Power
- Cranes
- Compressors
- 271 Parking Spaces

Attachments & Media

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Tax ID/APN: 10130500
Property Located Between: Mercer Rd and Greendale Rd
Airports: Blue Grass Airport: 6 miles
Area Description: Located on the hard corner of Mercer and Greendale Road in the highly stabilized Lexington, KY industrial market. With an MSA over 645,000, Lexington is the second largest market in the Commonwealth of Kentucky and provides a strategic location for businesses through access to a highly educated labor force, low startup and operational costs, below average cost of living, and its location at the I-75/I-64 intersection providing a 24-hour or less drive to approximately 70% of the United States population. The site is in the immediate vicinity of other businesses such as Amazon, UPS, LBX, FedEx, Coca Cola, Columbia Gas, Georgia Pacific, Old Dominion Freight Line, Neogen, etc. Bluegrass International Airport: 6 miles I-75/I-64: 3.5 miles Automotive: - Toyota Georgetown, KY: 15 miles - Ford Truck Plant, Louisville, KY: 73 miles - Ford Assembly Plant, Louisville, KY: 76 miles - BlueOvalSK Battery Park, Glendale, KY: 90 miles - GM Corvette Plant, Bowling Green, KY: 148 miles Air Freight Hubs: - UPS Worldport Louisville, KY: 77 miles - Amazon Air Hub, Hebron, KY/Cincinnati: 72 miles
Tenancy: Single Tenant
Total Number of Buildings: 1
Property Condition: Good
Year Built: 1964
Roof Type: Other
Construction/Siding: Brick, Metal/Glass, Steel Frame
Exterior Description: Exterior break area present, along with additional land for expansion.
Parking Type: Surface
Parking Description: Parking includes 271 surface spaces, trailer parking, and a portion is secured with fencing and barbed wire.
Total Parking Spaces: 271
Column Spacing: 40' x 40'
Overhead Cranes: 10
Sprinklers: Wet
X-Phase: 3
Zoning Description: Light Industrial

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,084 67,304 158,784
Median Age: 32.61 32.68 35.41
Households: 3,169 26,096 64,159


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