1040 Eastland DrLexington, KY 40505

For Sale
$2,200,000

31,000 SF Industrial Complex

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional Lexington, KY industrial property, encompassing 31,000 square feet across three buildings on a 1.3-acre lot, presents a compelling owner-user opportunity. Located at 1040-1050 Eastland Drive, this I-1 Light Industrial zoned property boasts convenient access to New Circle Road and major interstates, making it ideal for contractors and businesses needing efficient transportation links. The property features 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). A significant advantage is the recently installed (2021) Carlisle Roof System, complete with a 15-year warranty, ensuring long-term cost savings. The property is fully sprinklered with a wet system and offers 1200 Amp service. Available for occupancy by May 31st, 2024, this property is easily divisible, making it suitable for multiple tenants or a single owner-occupant seeking to escape rental costs. The asking price is $2,200,000, translating to $70.97 per square foot. This represents a rare opportunity in a tight market with limited availability of comparable I-1 Light Industrial space. Don't miss this chance to acquire a well-maintained, strategically located industrial property in a thriving Kentucky market.

Highlights

  • 1040-1050 Eastland Drive, Lexington, KY 40505; Limited availability of comparable I-1 Light Industrial space.
  • 31,000 SF building on a 1.3-acre lot.
  • 4,200 SF of office space (2,700 SF & 1,500 SF suites).
  • Fully sprinklered with a wet system.
  • 1200 Amp, 3-phase electrical service.
  • New Carlisle roof (2021) with a 15-year warranty.

Property Details for 1040 Eastland Dr

Property type
Other warehouses, Other industrial properties
Square Feet
31,000 SF
Year Built
1997
Buildings
3
Lot Size (sq. ft)
56,628 SF

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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