1040 Eastland DrLexington, KY 40505

For Lease
$7/SF/YR

Versatile industrial space, ideal for various uses.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional industrial property, located at 1040-1050 Eastland Drive in Lexington, Kentucky, offers 31,000 square feet of space on a 1.3-acre lot. The property consists of three single-story buildings, zoned I-1 for Light Industrial use, and is currently available for immediate occupancy. The buildings feature a total of 4,200 square feet of office space, divided between two suites (2,700 SF in Suite 1040 and 1,500 SF in Suite 1050). The warehouse space is fully sprinklered with a wet system and benefits from 1200 amp service. A significant upgrade was completed in 2021 with the installation of a new Carlisle roof system, carrying a 15-year warranty. The property enjoys a convenient location with excellent access to New Circle Road, major interstates, and downtown Lexington, making it particularly attractive for contractors and businesses needing easy access to transportation networks. The layout is easily divisible, presenting an opportunity for multiple tenants. The property's location in Fayette County, Kentucky, zip code 40505, offers a strategic advantage within a tight market with limited availability of I-1 Light Industrial space. The annual lease rate is $7.00 per square foot, NNN. Eastland Drive boasts a daily traffic count of 5,169 vehicles. This property represents a rare opportunity to secure a well-maintained, versatile industrial space in a prime Lexington location.

Highlights

  • 31,000 SF industrial property on 1.3-acre lot in Lexington, KY.
  • Three single-story buildings, I-1 zoning, immediately available.
  • 4,200 SF of office space (2,700 SF & 1,500 SF suites).
  • Fully sprinklered warehouse with 1200 amp service and new roof (2021, 15-year warranty).
  • Excellent access to New Circle Road, interstates, and downtown Lexington; $7.00/SF NNN annual lease rate.

Property Details for 1040 Eastland Dr

Property type
Other warehouses, Life science properties
RSF (Rentable sq. ft)
31,000 SF
Class
C
Year Built
1997
Buildings
3
Stories
1

Unit(s) available at that property

Space
Size
31,000 SF
Rate per SF
$7

Location Insight

City
Lexington
County
Fayette
State
Kentucky
Latitude
38.0447552
Longitude
-84.4643805
1040 Eastland Dr, Lexington, Kentucky

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1040 Eastland Dr
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