247 South Forbes Road, Lexington KY, 40504
(Active)
$5
|
52,005 sqft
|
MLS# 23019197
Last Updated: 5/13/2024 2:40 PM
Description for
247 South Forbes Road
Lexington, KY 40504
Forbes Business Center located at 247 S. Forbes Road was originally developed in 1964 and occupied as part of the G. F. Vaughan portfolio, one of the two primary block/masonry industrial buildings (Building #1) is available. Building #1 has 52,005 total SF, 4,457 SF office, 2 dock doors, 1 drive-in door, 1200 AMP 480 V 3-phase power, and 20' clear height. Extensive 2019 renovations to the building include: interior and exterior paint, new asphalt and parking, upgraded dock doors and drive-in doors, new landscaping, LED lights, new TPO roof, new gutters, and much more.Property Highlights:- Renovated in 2019- Expandable Site- Below Market Rents- Below Market Operating Expenses- Outside Storage Potential- New TPO RoofWith an MSA over 645,000, Lexington is the second largest market in the Commonwealth of Kentucky. Lexington 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.
Price
$5
Commercial
Fayette
52,005 (approx)
23019197
Active
Description
Forbes Business Center located at 247 S. Forbes Road was originally developed in 1964 and occupied as part of the G. F. Vaughan portfolio, one of the two primary block/masonry industrial buildings (Building #1) is available. Building #1 has 52,005 total SF, 4,457 SF office, 2 dock doors, 1 drive-in door, 1200 AMP 480 V 3-phase power, and 20' clear height. Extensive 2019 renovations to the building include: interior and exterior paint, new asphalt and parking, upgraded dock doors and drive-in doors, new landscaping, LED lights, new TPO roof, new gutters, and much more.Property Highlights:- Renovated in 2019- Expandable Site- Below Market Rents- Below Market Operating Expenses- Outside Storage Potential- New TPO RoofWith an MSA over 645,000, Lexington is the second largest market in the Commonwealth of Kentucky. Lexington 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.
Listing Information
| Property Type: Other | ||
| 17.84 Acres | 52,005 (approx) | 1964 |
| 1 | ||
Commercial
Neighborhood
Room Information
Exterior / Lot Features
I-2 Heavy Industrial
Driving Directions
247 S. Forbes Road is adjacent to McConnell Springs Park and the Central Rock Quarry with 980' of frontage along S. Forbes Road running between Versailles Road and Old Frankfort Pike (inside New Circle Road). The property sits just ''around the corner'' from the popular and ever expanding Distillery District providing close proximity to restaurants/entertainment, & 1 mile west of Downtown Lexingto
Financial Considerations
| 38283600-B |
Listing Price History
Lexington Real Estate
Lexington is located in Kentucky.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 10/3/2023 | Active | $5 USD |
|
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2021 | $19,458 USD | - | $1,714,700 USD | - |