1008 W New Circle Road, Lexington, KY 40511

$1,025,000
Property Type: Commercial Sale Square Footage: 10,000 Lot Size (sq. ft.): 31,363 Status: Closed
Current Price: $1,025,000 List Date: 11/01/2019 Last Modified: 9/03/2025

Overview

Description

Current tenant has long term lease for 5,000 sq. feet with possiblity of additional 5 year extension. Remaining 5,000 sq. is presently occupied by owners. Front lot is used by a landscape company on a month to month basis. Front lot presents opportunity to expand. Access will be on Finney Drive after New Circle expansion is completed in 2019. After New Circle Rd is completed, Georgetown Rd. exit to Finney Dr.

Listing Details MLS# 1925469

Listing Information

Property Sub Type
Industrial

Status Change Information

Price Change Timestamp
2020-01-01T00:53:36Z
Status Change Timestamp
2019-12-31
Purchase Contract Date
2019-11-01
Close Date
2019-12-12
Close Price
1025000
Buyer Financing
Conventional
Sale Type
Arms Length Sale
Concessions Comments
n/a

Address

County
Fayette
Street Number
1008
Street Direction Prefix
W
Street Name
New Circle
Street Suffix
Road
Street Suffix Modifier
1010
State
KY
Zip Code
40511
Parcel Number
10039060

Contract

Original List Price
1075000
Start Showing Date
2019-11-01
Listing Contract Date
2019-11-01
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant
Office Exclusive YN
No
List Price/SqFt
107.5
Sold Price/SqFt
102.5
SP/LP
0.95

Tax Legal

MLS Area Major
001 - Fayette County NW
Subdivision Name
New Circle

Interior

Living Area
10000
Building Area Total
10000

More Information

Building

Year Built
1988
Stories Total
Yes

Lot

Lot Size Acres
0.72
Lot Size Square Feet
31363.23

Utilities

Cooling YN
Yes
Electricity Available
Yes
Natural Gas Available
Yes
Phone Available
Yes
Water Available
Yes

Remarks

Public Remarks
Current tenant has long term lease for 5,000 sq. feet with possiblity of additional 5 year extension. Remaining 5,000 sq. is presently occupied by owners. Front lot is used by a landscape company on a month to month basis. Front lot presents opportunity to expand. Access will be on Finney Drive after New Circle expansion is completed in 2019. After New Circle Rd is completed, Georgetown Rd. exit to Finney Dr.

Building and Property Details

Building Expansion Potential YN
Yes
# of Dock Doors
8
# of Drive-in Doors
3
# of Men's Restrooms
2
# of Women's Restrooms
2

Showing Information

Showing Instructions
Call Listing Agent for Access

Tax & Legal

Tax Rate
1.2774
Zoning Description
L
Directions
I-75 to Exit 113, go towards Lexington on N Broad- way, turn right on New Circle Rd. Use the US25 ramp to Lex/Georgetown exit. Left on Georgetown St. Turn left on KY-4(New Circle Rd.) East ramp and continue 0.2 miles. Property is on right

Association/Community

Number Of Buildings
1

Construction Materials

Block
Yes
Steel Frame
Yes

Parking Features

Paved
Yes

Possession

Close Of Escrow
Yes

Roof

Membrane
Yes

Sewer

Public Sewer
Yes

Special Listing Conditions

Standard
Yes

Water Heater

Water Heater
Yes

Building Features

Concrete Floor
Yes

Business Type

Industrial
Yes
Warehouse
Yes

Ceiling

Open
Yes

Docks

4-10 Docks
Yes

Electric

3 Phase
Yes

Sale Includes

Building(s)
Yes
Land
Yes

Tenant Pays

Electricity
Yes
Gas
Yes

Property Features

Utilities: Electricity Available; Natural Gas Available; Phone Available; Water Available; Electricity Available; Natural Gas Available; Phone Available; Water Available Building Features: Concrete Floor Business Type: Industrial; Warehouse Ceiling: Open Construction Materials: Block; Steel Frame Docks: 4-10 Docks Electric: 3 Phase Parking Features: Paved Possession: Close Of Escrow Roof: Membrane Sale Includes: Building(s); Land Sewer: Public Sewer Special Listing Conditions: Standard Tenant Pays: Electricity; Gas Water Heater: Water Heater
Listing Office: Keller Williams Bluegrass Realty
Last Updated: September - 03 - 2025
Information deemed reliable but not guaranteed.
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