1040-1050 Eastland Drive, Lexington, KY 40505

New Listing
$2,450,000
Property Type: Commercial Sale Square Footage: 30,488 Lot Size (sq. ft.): 61,420 Status: Active
Current Price: $2,450,000 List Date: 7/23/2026 Last Modified: 7/23/2026

Overview

Description

1040-1050 Eastland Drive offers 17,247 SF for lease or is available as an ideal owner occupant/investment sale where a purchaser can occupy its business in the vacancy, while enjoying in place income. The property features 30,488 total SF demised into three high demand sizes for the market creating a diversified asset, has an excellent overall office to warehouse ratio of 13.65% office, concrete block construction ranging between 1970-1974, 1.41 acres zoned I-1, 6 docks, 4 drive-ins, 16' clear height, LED lighting, newer EPDM roofs (2016/2019) with assignable warranties, wet sprinkler system, and much more. 1040-1050 Eastland Drive runs between Loudon Avenue and New Circle Road in the Winchester Road/eastern corridor of Lexington, KY. The property is 0.8 miles from New Circle Road, 2.7 miles from I-75/I-64 and 8.5 miles from Bluegrass International Airport. With an MSA over 645,000, Lexington is the second largest market in the Commonwealth of Kentucky. Central Kentucky provides a str ...

Listing Details MLS# 26019604

Listing Information

Comp Sale YN
No
Property Sub Type
Industrial

Status Change Information

Status Change Timestamp
2026-07-23

Address

County
Fayette
Street Number
1040-1050
Street Name
Eastland
Street Suffix
Drive
State
KY
Zip Code
40505
Parcel Number
15030750, 15029380, 15029375

Contract

Original List Price
2450000
Start Showing Date
2026-07-23
Listing Contract Date
2026-07-23
Listing Agreement
Exclusive Right To Sell
Office Exclusive YN
No
List Price/SqFt
80.36

Tax Legal

MLS Area Major
002 - Fayette County NE
Subdivision Name
Commercial

Interior

Living Area
30488
Living Area Units
Square Feet
Building Area Total
30488
Building Area Source
Public Records
Building Area Units
Square Feet

More Information

Building

Year Built
1970
Accessibility Features YN
Yes
Leasable Area
17247

Lot

Lot Size Acres
1.41
Lot Size Square Feet
61419.6

Remarks

Public Remarks
1040-1050 Eastland Drive offers 17,247 SF for lease or is available as an ideal owner occupant/investment sale where a purchaser can occupy its business in the vacancy, while enjoying in place income. The property features 30,488 total SF demised into three high demand sizes for the market creating a diversified asset, has an excellent overall office to warehouse ratio of 13.65% office, concrete block construction ranging between 1970-1974, 1.41 acres zoned I-1, 6 docks, 4 drive-ins, 16' clear height, LED lighting, newer EPDM roofs (2016/2019) with assignable warranties, wet sprinkler system, and much more. 1040-1050 Eastland Drive runs between Loudon Avenue and New Circle Road in the Winchester Road/eastern corridor of Lexington, KY. The property is 0.8 miles from New Circle Road, 2.7 miles from I-75/I-64 and 8.5 miles from Bluegrass International Airport. With an MSA over 645,000, Lexington is the second largest market in the Commonwealth of Kentucky. Central Kentucky 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. Property Highlights: -High demand size for Lease (17,247 SF) -Great owner-occupant purchase with in place income -Excellent office:warehouse ratio with newly-renovated office space -6 docks/4 drive ins, 16' clear height -Small outside storage for each unit -Newer roofs

Building and Property Details

# of Dock Doors
6
# of Drive-in Doors
4

Tax & Legal

Tax Rate
1.2638
Zoning
Other
Zoning Description
I-1 Light Industrial
Directions
Winchester Road outbound to left on E. Loudon, then right onto Eastland Drive. The property will be on your right.

Association/Community

Number Of Buildings
1

Parking Features

On Site
Yes
Paved
Yes

Possession

Close Of Escrow
Yes

Security Features

Fire Sprinkler System
Yes

Business Type

Commercial
Yes
Distribution
Yes
Industrial
Yes
Warehouse
Yes

Electric

200+ Amp Service
Yes
3 Phase
Yes

Existing Lease Type

NNN
Yes

Sale Includes

Building(s)
Yes
Land
Yes

Showing Requirements

Call Listing Agent
Yes

Property Features

Business Type: Commercial; Distribution; Industrial; Warehouse Electric: 200+ Amp Service; 3 Phase Existing Lease Type: NNN Parking Features: On Site; Paved Possession: Close Of Escrow Sale Includes: Building(s); Land Security Features: Fire Sprinkler System Showing Requirements: Call Listing Agent
Listing Office: Block + Lot Homes
Last Updated: July - 23 - 2026
Information deemed reliable but not guaranteed.