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Investment Highlights

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

Executive Summary

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.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
3,648 SF
Building Class
C
Year Built
1963
Price
$750,000
Price Per SF
$205.59
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,648 SF
Building FAR
0.17
Lot Size
0.49 AC
Opportunity Zone
Yes
Zoning
B-1
Parking
5 Spaces (1.23 Spaces per 1,000 SF Leased)

Amenities

  • Conferencing Facility
  • Signage
  • Reception
  • Monument Signage
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
10011570
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$445,000
  • Listing ID: 41907084

  • Date on Market: 8/27/2026

  • Last Updated:

  • Address: 1316 Versailles Rd, Lexington, KY 40504

Contact the Sale Advisor

1316 Versailles Rd

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