1585 Mercer Road Lexington, KY ^$ 1,995,000

1585 Mercer Road

^$ 1,995,000

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1585 Mercer Road

Lexington, KY, 40511

^$ 1,995,000

Studio Baths0.0 Sq 13,135

Monthly Estimate*

^$ 13,936

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Studio

Commercial Property for sale in Lexington, KY

for $1,995,000. This 13,135 square foot building was built in 2020 on a lot size of 0.99.

1585 Mercer Rd is a three tenant flex building constructed in 2020 and expanded in 2021 totaling 13,135 SF on 0.99 acres (I-1 zoning). This unique investment opportunity can either be 100% occupied with the owner leasing back Suite 130 or a new owner could occupy 3,500 SF. High end office finishes including polished concrete floors, 19' to 21' ceilings in the warehouse areas, 12' and 14' drive-in doors, 38 parking spaces, and conveniently located with quick access to New Circle Rd from both Georgetown Rd and Leestown Rd.

Commercial Active

Price

^$ 1,995,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Industrial,Warehouse

Lot Size

0.99

Year Built

2020

Town/City

Lexington

County/Region

Fayette

MLS | Web ID

24009138

Features

General

Year Built 2020

Subdivision Commercial

County Fayette

Tax Rate 1.2643

Business Type Industrial Warehouse

Property Type C

Area 001 - Fayette County NW

Directions New Circle Rd to Georgetown Rd left on Mercer Rd

City Lexington

Street Name Mercer

Interior

Street Suffix Road

* Excluded Features

List By

The Gibson Company

Broker

berwin@thegibsoncompany.com

Affordability Calculator

$13,936

Per Month

Monthly Principal & Interest: $13,936
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Lexington, KY

Average List Price ^$360,810

Percent of Sale Price 82%

About Lexington, KY

309,571 Population

19% Since 2002

^$49,858 Median Income

34.93 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

458656 Elementary School

458772 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/9/2024	$1,995,000		Listed Price

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1585 Mercer Road, Lexington, KY, 40511 is a Commercial Property for sale at $1,995,000 with 13,135 sqft and a lot size of 0.99. 1585 Mercer Road is a studio with 0.0 baths and was built in 2020. The property's zip code is 40511 which is in Lexington, KY

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of Bluegrass REALTORS.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Bluegrass REALTORS. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 5/20/2024.

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1585 Mercer Road

Commercial Property for sale in Lexington, KY

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