1585 Mercer Road, Lexington, KY 40511

$1,747,000
Property Type: Commercial Sale Square Footage: 13,135 Lot Size (sq. ft.): 43,124 Status: Closed
Current Price: $1,747,000 List Date: 7/01/2024 Last Modified: 1/12/2026

Overview

Description

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.

Listing Details MLS# 24009138

Listing Information

Comp Sale YN
No
Property Sub Type
Industrial

Status Change Information

Status Change Timestamp
2024-10-28
Purchase Contract Date
2024-08-29
Close Date
2024-10-24
Close Price
1747000
Buyer Financing
Conventional
Sale Type
Arms Length Sale

Address

County
Fayette
Street Number
1585
Street Name
Mercer
Street Suffix
Road
State
KY
Zip Code
40511
Parcel Number
38018320

Contract

Original List Price
1995000
Start Showing Date
2024-05-09
Listing Contract Date
2024-05-09
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant
Office Exclusive YN
No
SP/LP
0.88

Tax Legal

MLS Area Major
001 - Fayette County NW
Subdivision Name
Commercial

Interior

Living Area
13135

More Information

Building

Year Built
2020

Lot

Lot Size Acres
0.99
Lot Size Square Feet
43124

Remarks

Public Remarks
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.

Tax & Legal

Tax Rate
1.2643
Zoning Description
I-1
Directions
New Circle Rd to Georgetown Rd, left on Mercer Rd

Business Type

Industrial
Yes
Warehouse
Yes

Property Features

Business Type: Industrial; Warehouse
Listing Office: The Gibson Company
Last Updated: January - 12 - 2026
Information deemed reliable but not guaranteed.
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