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34578632
34578619

1040 Eastland Drive, Lexington, KY 40505 For Sale

AB
KY KY 72655
Block + Lot
PB
KY 65116
Block + Lot
Listed by Block + Lot
$2,450,000
1 day on market
Updated 1 day ago

1040-1050 Eastland Drive

Details
Property Type Industrial
Sub Type Distribution, Flex (+1)
Square Footage 30,488
Net Rentable (SqFt) 30,488
Brand/Tenant Stuttgart Motors, Besco
Lease Type NNN
Year Built 1970
Buildings 1
Acreage 1.410
Zoning I-1
Ground Lease No
Loading Docks 6

30,488 SF Industrial Building | Investment and/or Owner-Occupant

Marketing 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.

Investment 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

Listing Contacts

AB
KY KY 72655
Block + Lot
PB
KY 65116
Block + Lot
Listed by Block + Lot

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Additional Information

Name
Adam Boardman
License
KY 72655
Brokerage
Block + Lot Real Estate
Brokerage Phone
8593090099
Title
Sales Asociate
Brokerage Address
133 West Short Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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