Catylist ID:
#30852309
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: | 9/14/2023 |
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 |
Attachments & Media
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 |
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 |
Contact
| © Copyright 2001-2023 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Moody's assume any liability for errors or omissions. |
