Industrial/Flex Property for Sale in Versailles

Industrial for Sale
Sale Pending
Catylist Listing ID: 30854492
Property Subtypes: Flex Space, Free-Standing, Manufacturing, Light Industrial, Office Showroom, Warehouse/Distribution
Status: Pending
Building Size (RSF): 11,250 SF
Gross Building Area: See Agent
Sale Price: $1,100,000
Unit Price: $97.78 PSF
Ceiling: 15 ft. Clear
Office SF: 2,447 SF
Drive In Bays: 2 Bays
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/15/2023

Overview / Comments

240 Crossfield Drive is a rare opportunity to purchase a free standing industrial/flex building in Versailles, KY. The building, zoned I-1, totals 11,250 SF and is situated on .6 acres. The brick/metal building features appx. 2,477 SF of office currently divided into two suites of 927 SF and 1,550 SF. The smaller suite offers a great opportunity for rental income.

The main retail/office area has a nice open reception or showroom area, two private offices, two restrooms, and a kitchenette. The secondary office suite is an open floor plan with a private restroom and storage closet.

The warehouse is clear span and has two 12 ft tall drive-in doors with ceilings heights of 13' - 15'. It also offers one bathroom and a work room with mezzanine storage. The warehouse space is heated with large fans installed throughout.

Additional Details

Nearest MSA: Lexington-Fayette
County: Woodford
Tax ID/APN: 30-8002-005-00
Area Description: The property is located on Crossfield Drive just off the Versailles Bypass. The area is a mix of flex, retail, and office users. It is approximately 7 miles from Man O' War Blvd. in Lexington and 8.5 miles from New Circle Road. Area businesses include Kroger, McDonalds, Starbucks, and Jimmy John's.
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1989
Parking Type: Surface
Eave Height: 13
X-Phase: 3
Zoning Description: Light Industrial

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,446 15,604 19,917
Median Age: 39.97 39.86 40.15
Households: 998 6,114 7,752
The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Moody's assume any liability for errors or omissions.