Log In/Sign Up
Your email has been sent.
16,850 SF Stand Alone Industrial Building 516-520 Codell Dr 16,850 SF Industrial Building Lexington, KY 40509 $1,950,000 ($115.73/SF)
INVESTMENT HIGHLIGHTS
- $1,950,000
- $115 PSF
- Grade level Doors (2)
- 16,850 Sq. Ft.
- Zoning I-1
- Dock Height Door (1)
EXECUTIVE SUMMARY
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 $1,950,000. 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.
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.
PROPERTY FACTS
| Price | $1,950,000 | No. Stories | 1 |
| Price Per SF | $115.73 | Year Built | 1972 |
| Sale Type | Investment | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.59/1,000 SF |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 1 |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 0.64 AC | Cross Streets | Palumbo Dr |
| Rentable Building Area | 16,850 SF | ||
| Zoning | I-1 | ||
| Price | $1,950,000 |
| Price Per SF | $115.73 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.64 AC |
| Rentable Building Area | 16,850 SF |
| No. Stories | 1 |
| Year Built | 1972 |
| Tenancy | Single |
| Parking Ratio | 0.59/1,000 SF |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 1 |
| Cross Streets | Palumbo Dr |
| Zoning | I-1 |
1 1
PROPERTY TAXES
| Parcel Number | 17229290 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $715,500 |
PROPERTY TAXES
Parcel Number
17229290
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$715,500
1 of 22
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
16,850 SF Stand Alone Industrial Building | 516-520 Codell Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.