1040-1050 Eastland Drive,Lexington, KY 40505
Lexington, KY 40505
Description
1040-1050 Eastland Drive offers 17,247 SF for lease or is available as an ideal owner occupant/investment sale where a purchaser can occupy its business in the vacancy, while enjoying in place income. The property features 30,488 total SF demised into three high demand sizes for the market creating a diversified asset, has an excellent overall office to warehouse ratio of 13.65% office, concrete block construction ranging between 1970-1974, 1.41 acres zoned I-1, 6 docks, 4 drive-ins, 16' clear height, LED lighting, newer EPDM roofs (2016/2019) with assignable warranties, wet sprinkler system, and much more. 1040-1050 Eastland Drive runs between Loudon Avenue and New Circle Road in the Winchester Road/eastern corridor of Lexington, KY. The property is 0.8 miles from New Circle Road, 2.7 miles from I-75/I-64 and 8.5 miles from Bluegrass International Airport. With an MSA over 645,000, Lexington is the second largest market in the Commonwealth of Kentucky. Central Kentucky provides a strategic location for businesses through access to a highly educated labor force, low startup and operational costs, below average cost of living and its location at the I-75/I-64 intersection providing a 24 hour or less drive to approximately 70% of the United States population. Property Highlights: -High demand size for Lease (17,247 SF) -Great owner-occupant purchase with in place income -Excellent office:warehouse ratio with newly-renovated office space -6 docks/4 drive ins, 16' clear height -Small outside storage for each unit -Newer roofs
Details
| MLS # | 26019604 |
|---|---|
| Listing Type | For Sale |
| Style | Industrial |
| Sub-Type | Resale |
| Status | Active |
| Year | 1970 |
| Days On Site | 46 |
| Listing Provided By | Block + Lot Homes | Adam Boardman |
Features
| SQ Feet | 30,488 |
|---|---|
| Building(s) | 1 |
| Zoning | Other |
| Acreage | 1.41 |
Exterior
| Security Features | Fire Sprinkler System |
|---|
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | On Site, Paved |
Utilities
| Electric | 3 Phase, 200+ Amp Service |
|---|
Area Information
| State | KY |
|---|---|
| County | Fayette |
| City | Lexington |
| Zip Code | 40505 |
| Area | 002 Fayette County NE |
| Subarea | Fayette County NE |
| Community Name | Commercial |
| Listing VS Median (in Commercial) | |
Price: $2,450,000 low | high Med: $20,000 sqft: 30,488 low | high Med: 18,700 $ / sqft: $80 low | high Med: $1 On site: 46 low | high Med: 138 | |
Market Activity 40505
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Learn More About This Property
| State | KY |
|---|---|
| County | Fayette |
| City | Lexington |
| Zip Code | 40505 |
| Area | 002 Fayette County NE |
| Subarea | Fayette County NE |
| Community Name | Commercial |
| Listing VS Median (in Commercial) | |
Price: $2,450,000 low | high Med: $20,000 sqft: 30,488 low | high Med: 18,700 $ / sqft: $80 low | high Med: $1 On site: 46 low | high Med: 138 | |
