Retail/Office Flex Conversion Minutes from Downtown
Industrial | 32,608 SqFt
Marketing description
Own a unique Lexington asset priced at industrial dollars with retail & office upside. The entire 32,000 SF interior is presently configured as an open‑plan furniture showroom. With few internal demising walls, 9′‑12′ clear heights, and abundant display lighting, this property offers a blank canvas. Keep the ground floor as high‑impact retail, convert the second level into creative office suites, or maintain a single‑user showroom. Recent capital upgrades (2020 & 2025) include mechanicals, structural, interior and exterior enhancements, and beautifully refinished hardwoods on the second floor and polished concrete on the lower level, ensuring a move‑in‑ready platform for an owner‑occupant to custom‑tailor the space further.
At $79.74 / SF you secure space within the East Fayette industrial pricing benchmark of $78/SF while unlocking margins against retail ($183/SF) and office ($112/SF) comparables.
Investment highlights
Open‑Plan Showroom Canvas – Two floors of contiguous display space minimize demolition and accelerate tenant improvements for retail, creative office, gallery, or experiential concepts.
Multi‑Tenant Upside – Independent entrances and clear floor plates allow vertical split (ground‑floor retail, second‑floor office/studio) or horizontal bays for multiple users.
Instant Equity vs. Submarket Pricing – Enter at $81.25/SF vs. Retail $183/SF, Office $112/SF, Industrial $78/SF.
Strategic Access – <1 mi to New Circle Rd (KY‑4) and 4 mi to I‑75/I‑64; 10 min to Downtown & UK campus.
Expandable Parking – Adjacent lot available for lease to support higher parking ratios.
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