Lexington KY Office HQ or Retail Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30852309
Building Size (RSF): 67,700 SF
Gross Building Area: See Agent
Sale Price: $6,950,000
Unit Price: $102.66 PSF
Ceiling: 18 ft.
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/22/2024

Overview / Comments

We are pleased to present this 67,700 SF space available for sale in Lexington, KY. This space was formerly the local headquarters for a telephone service company and offers 40,000 SF of office space and 22,800 SF of warehouse space. Additionally, a large paved side parking lot is fenced and contains covered parking structures that can be utilized as-is or potentially built on if needed. This opportunity offers great visibility along New Circle Road, vast parking, and high daily traffic counts. This space would be ideal for a company headquarters, retail big box, medical, government, call center, or other creative use.

Highlights:
67,700 SF Office / Warehouse For Sale
4,900 SF is being leased by Mattress Overstock
Ideal for office/warehouse, retail, medical or creative space
B-3 Zoning
38,814 VPD
Excess land for yard use, parking, or additional development
0.84 acre out parcel potential

Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Tax ID/APN: 13872150
Zoning: B-3
Area Description: This shopping center is well located in North Lexington at New Circle Road and North Limestone. The property offers great visibility facing New Circle road which has approximately 38,814 VPD in addition to the 7,751 VPD on North Limestone. This location within Lexington offers easy access into downtown and to the Interstate via N Limestone and N Broadway, and around Lexington via New Circle Road. This property sits less than one mile from Greyline Station and Lexington's NoLi neighborhood which has seen vast revitalization both commercially and residentially in recent years.
Tenancy: Single Tenant
Year Built: 1968

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,993 92,000 190,630
Median Age: 39.23 34.04 35.45
Households: 6,488 38,206 79,892
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