510 Henry Clay Blvd - Manufacturing FOR SALE


Lexington, KY 40505- East Lexington
$4,500,000 USD
859-433-8911
510 Henry Clay Blvd, Lexington, KY for Sale
$4,500,000 USD
Manufacturing - FOR SALE
1/16
null | Request Cap Rate

510 Henry Clay Blvd
Lexington, KY 40505
East Lexington


HIGHLIGHTS

  • 105,804 SF
  • 5.957 acres
  • Zoned I-1 (Light Industrial) with an adaptive reuse overlay
  • Population of 225,000 within 5-mile radius
  • Abundance of outdoor storage and parking
  • 4 Megawatts of existing power (with ability to step up)

OVERVIEW

SVN Stone Commercial Real Estate is pleased to bring to market a strategically located low basis purchase opportunity in the heart of Lexington, KY. 510 Henry Clay Boulevard is one of the few remaining parcels inside of New Circle Road that features over 105,000 square feet on a sprawling 6 acre tract. The improvement was originally constructed in 1941 by the Standard Products Company. Since then it has been used for a variety of different manufacturing and distribution uses. The existing facility features include but are not limited to: Heavy 480/3 phase power, reinforced concrete slab, large clear span sections, gas fired forced air heat, 12' clear height, (3) dock height doors, multiple grade level doors, over 5,000 sf of finished office space, full fire suppression, and expansive outdoor storage capabilities. The property has benefited significantly from the growth of Lexington proper with a population density of over 225,000 people within a 5 miles radius to the site. While zoned industrial, the asset is positioned well not only for traditional industrial uses, but for future redevelopment opportunities as well. For further information on the property or to schedule a private tour, please reach out to john.bunch@svn.com or call 859-433-8911.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$43 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Versatile Industrial Opportunity

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1941

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

14 Ft

DOCKS

3

DRIVE INS

2

PARKING SPACES

171

LAND DETAILS

LAND ACRES

5.96

LAND SF

259,618

ZONING

I-1

APN/PARCEL ID

41543100

ASK ABOUT THIS PROPERTY

John BunchSVN | Stone Commercial Real EstateMore Info
859-433-8911

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John BunchSVN | Stone Commercial Real EstateMore Info
859-433-8911

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