1316 Versailles Rd - Office FOR SALE


Lexington, KY 40504- Red Mile
$750,000 USD
859-422-4400
1316 Versailles Rd, Lexington, KY for Sale
$750,000 USD
Office - FOR SALE
1/11
null | Request Cap Rate

Apr '27


1316 Versailles Rd
Lexington, KY 40504
Red Mile


HIGHLIGHTS

  • Prominent corner location at Versailles Road, Red Mile Road, and Sparta Court.
  • Currently leased through April 1, 2027.
  • Flexible layout supports a variety of office and commercial uses.
  • Less than two miles from the University of Kentucky.
  • Convenient access to Downtown Lexington, New Circle Road, and Blue Grass Airport.
  • Situated within an established West Lexington commercial corridor.

OVERVIEW

1316 Versailles Road presents an opportunity to acquire a single-story office building positioned within one of Lexington's established commercial corridors. Situated on approximately 0.49 acres at the intersection of Versailles Road, Red Mile Road, and Sparta Court, the property benefits from prominent visibility, multiple access points, and strong connectivity to surrounding business, retail, and institutional destinations. The building is currently leased through April 1, 2027, providing near-term income while creating a future opportunity for owner-occupancy upon lease expiration. Its flexible layout supports a variety of office and commercial configurations, making it suitable for businesses seeking a standalone facility as well as investors evaluating long-term repositioning or occupancy potential. The property's location places it directly adjacent to the Red Mile corridor and less than two miles from the University of Kentucky, one of the region's largest economic and employment drivers. Convenient access to Downtown Lexington, New Circle Road, and Blue Grass Airport enhances regional connectivity for employees, clients, and visitors. The surrounding area includes a broad mix of retailers, restaurants, grocery stores, and service providers that contribute to the property's day-to-day convenience and business appeal. With a neighborhood business zoning designation and placement within a mature commercial area of West Lexington, the property offers a combination of accessibility, visibility, and future occupancy flexibility in a well-established location.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$206 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

B-1

APN/PARCEL ID

10011570

ASK ABOUT THIS PROPERTY

Al IsaacNAI IsaacMore Info
859-422-4400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Al IsaacNAI IsaacMore Info
859-422-4400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.