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Strategically Located Industrial Facility 510 Henry Clay Blvd 105,751 SF 100% Leased Industrial Building Lexington, KY 40505 $4,950,000 ($46.81/SF)



INVESTMENT HIGHLIGHTS
- 105,804 SF
- Zoned I-1 (Light Industrial) with an adaptive reuse overlay
- Abundance of outdoor storage and parking
- 5.957 acres
- Population of 225,000 within 5-mile radius
- 4 Megawatts of existing power (with ability to step up)
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
| Price | $4,950,000 | Rentable Building Area | 105,751 SF |
| Price Per SF | $46.81 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1941 |
| Property Type | Industrial | Parking Ratio | 1.62/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 14’ |
| Building Class | C | No. Dock-High Doors/Loading | 3 |
| Lot Size | 5.96 AC | No. Drive In / Grade-Level Doors | 2 |
| Zoning | I-1 - Light Industrial | ||
| Price | $4,950,000 |
| Price Per SF | $46.81 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 5.96 AC |
| Rentable Building Area | 105,751 SF |
| No. Stories | 1 |
| Year Built | 1941 |
| Parking Ratio | 1.62/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Dock-High Doors/Loading | 3 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | I-1 - Light Industrial |
AMENITIES
- Air Conditioning
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
1 1
PROPERTY TAXES
| Parcel Number | 41543100 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,400,000 |
PROPERTY TAXES
Parcel Number
41543100
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,400,000
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Strategically Located Industrial Facility | 510 Henry Clay Blvd
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