601 Lagonda Avenue

Industrial for Sale
Catylist Listing ID: 30466941
Property Subtypes: Flex Space, Free-Standing, Manufacturing, Light Industrial, Office Showroom, Warehouse/Distribution
Building Size (RSF): 28,500 SF
Gross Land Area: 2.11 - 2.21 Acres
Sale Price: $2,150,000
Unit Price: $75.44 PSF
Docks/Doors: 2 Docks, 1 Door
Office SF: 9,000 SF
Drive In Bays: 1 Bay
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/9/2019

Overview / Comments

601 Lagonda Avenue is a rare industrial building for sale in Lexington, KY. This facility is 18,000 SF total in the main building with an additional +/- 10,500 SF of dry storage in exterior buildings and garage bays. The buildings are situated on 2.11 acres of I-1 land with an additional .10 acres of R-2 land adjacent to the property.

In the main building, the office to warehouse ratio is 50/50 with 9,000 SF of high-quality office and 9,000 SF of warehouse. The office is currently divided into two suites of 3,000 and 6,000 SF units. The smaller office suite is completely renovated with modern industrial finishes including polished concrete floors and exposed duct work and ceilings. There are three privates office, a reception/work area, waiting area, kitchenette, and a beautiful segmented glass conference room. Each office has custom desks.

The larger office suite offers a reception area, conference room, open work area, eight large private offices, large training room, storage room, and open work areas outside three private offices for supporting team members.

The 9,000 SF warehouse is fully climate-controlled and currently divided into separate rooms one of which is a large training area. The warehouse offers separate bathrooms from the office space. There are two docks and one drive-in door with a ramp.

Behind the main building, there are two buildings with appx. 10,500 SF of dry storage space including a 30 bay storage unit.

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Additional Details

Nearest MSA: Lexington-Fayette
County: Fayette
Tax ID/APN: 04018480
Zoning: I-1
Site Description: 601 Lagonda Avenue sits on 2.11 acres of I-1 land with an additional .10 acres of R-2 land. The site is accessible from Winchester Road via Detroit Avenue. The building can also be accessed from Lagonda Avenue off of Delaware Avenue or Liberty Road. It is in close proximity to New Circle Road and I-75 via Exit 110.
Total Number of Buildings: 3
Number of Stories: 2
Typical SF / Floor: 9,000 SF
Year Built: 1960
Construction/Siding: Brick, Steel Frame
Parking Type: Surface
Zoning Description: Light Industrial

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,190 112,548 239,947
Median Age: 37.27 35.01 34.55
Households: 6,511 49,067 102,230

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