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247 S FORBES RD LEXINGTON, KY 40504
- Commercial / Resale (MLS)
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Property Details for 247 S FORBES RD, LEXINGTON, KY 40504
Features
- Price/sqft: $0
- Lot Size: 244372
Facts
- Year Built: 01/01/1964
- Property ID: 877469294
- MLS Number: 23019197
- Parcel Number: 38283600
- Property Type: Commercial
- County: FAYETTE
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. 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.nnProperty Highlights:n- Renovated in 2019n- Expandable Siten- Below Market Rentsn- Below Market Operating Expensesn- Outside Storage Potentialn- New TPO RoofnnWith 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.
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Property Brokerage:
Block + Lot Real Estate
133 West Short St
Lexington
KY
40507
Copyright © 2024 Lexington-Bluegrass Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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All information provided is deemed reliable, but is not guaranteed and should be independently verified.