516-520 Codell Dr - Warehouse FOR SALE


Lexington, KY 40509
$2,041,625 USD
859-630-7106
516-520 Codell Dr, Lexington, KY for Sale
$2,041,625 USD
Warehouse - FOR SALE
1/21
null | Request Cap Rate

516-520 Codell Dr
Lexington, KY 40509


HIGHLIGHTS

  • $2,041,625
  • 16,850 Sq. Ft.
  • $121 PSF
  • Zoning I-1
  • Grade level Doors (2)
  • Dock Height Door (1)

OVERVIEW

SVN Stone Commercial Real Estate is pleased to present FOR SALE, 518 Codell Drive in Lexington, Kentucky. This 16,850 square foot facility sits on 0.64 acres and is offered at $2,041,625. Formerly utilized as a pharmaceutical manufacturing facility, the property is now primarily configured for office and laboratory use, with warehouse available for storage / fulfillment. Portions of the current office space can be removed, making it a highly versatile opportunity for a range of users. The building offers excellent functionality with two (2) grade-level drive-in doors and one (1) dock-height loading door, three-phase power, and full climate-control capabilities throughout. Dedicated off-street parking is available, providing convenience for employees and visitors. Strategically located in a well-established Palumbo industrial corridor, the property provides easy access to New Circle Road and less than 5 miles to I-75, making it well-connected to the greater Central Kentucky region. Currently, the property is occupied under a one-year lease expiring in Q3 2026, offering income security in the near term and flexibility for a new owner in the future.

FOR SALE DETAILS

PRICE

$2,041,625 USD

PRICE/SF

$143 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

16,850 SF Stand Alone Industrial Building

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

1

DRIVE INS

1

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.64

LAND SF

27,878

ZONING

I-1

APN/PARCEL ID

17229290

ASK ABOUT THIS PROPERTY

Gabe MeasnerSVN | Stone Commercial Real EstateMore Info
859-630-7106

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Gabe MeasnerSVN | Stone Commercial Real EstateMore Info
859-630-7106

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