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.