2201 Innovation Drive, Lexington, KY 40511

$8,000,000

Property Type: Commercial Sale Square Footage: 112,352 Lot Size (sq. ft.): 653,400 Status: Closed

Current Price: $8,000,000 List Date: 8/18/2021 Last Modified: 9/03/2025

Overview

Description

Price Reduced! Huge opportunity available for an as built, existing, manufacturing, warehouse, distribution, fulfillment facility on 15 acres. Located approx 2 miles from nationwide north/south and east west interstates I-75/I-64. Perfect last touch location within a days drive most the U.S. Complete building plans available. Building permit has 112,352 sq ft which includes a two story 18,000 sq ft office area. 'Future expansion area' of 28,918 sq ft along rear of existing building. Further expansion along sides of building & where existing retention pond is. Includes numerous loading docks, 19 offices, cafeteria, kitchen, men and women's locker room with bathrooms and showers, training room, conference room, reception areas, 2 large open areas on 2nd floor of 18,000 sq ft office area. Approx 250 parking spaces. Located on the bus route for employee convenience. Opportunity for lease back of 15,000 sq ft, contact agent for details. Several State and Local incentives available.

Listing Details MLS# 20117610

Listing Information

Comp Sale YN: No
Property Sub Type: Industrial

Status Change Information

Price Change Timestamp: 2022-01-29T13:43:52Z
Status Change Timestamp: 2022-05-15
Purchase Contract Date: 2022-03-14
Close Date: 2022-05-11
Close Price: 8000000
Sale Type: Arms Length Sale

Address

County: Fayette
Street Number: 2201
Street Name: Innovation
Street Suffix: Drive
State: KY
Zip Code: 40511
Parcel Number: 19984310

Contract

Original List Price: 12500000
Start Showing Date: 2021-08-18
Listing Contract Date: 2021-08-16
Listing Agreement: Exclusive Right To Sell
Owner Name: Webasto North America
Occupant Type: Occupied
Office Exclusive YN: No
List Price/SqFt: 89.01
Sold Price/SqFt: 71.2
SP/LP: 0.8

Tax Legal

MLS Area Major: 001 - Fayette County NW
Subdivision Name: Commercial

Interior

Building Area Total: 112352

More Information

Parking Information

Parking Total: 56

Building

Year Built: 1998
Stories Total: Yes
Accessibility Features YN: Yes

Lot

Lot Size Acres: 15
Lot Size Square Feet: 653400
Road Frontage Feet: 745

Utilities

Cooling YN: Yes
Electricity Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Remarks

Public Remarks: Price Reduced! Huge opportunity available for an as built, existing, manufacturing, warehouse, distribution, fulfillment facility on 15 acres. Located approx 2 miles from nationwide north/south and east west interstates I-75/I-64. Perfect last touch location within a days drive most the U.S. Complete building plans available. Building permit has 112,352 sq ft which includes a two story 18,000 sq ft office area. 'Future expansion area' of 28,918 sq ft along rear of existing building. Further expansion along sides of building & where existing retention pond is. Includes numerous loading docks, 19 offices, cafeteria, kitchen, men and women's locker room with bathrooms and showers, training room, conference room, reception areas, 2 large open areas on 2nd floor of 18,000 sq ft office area. Approx 250 parking spaces. Located on the bus route for employee convenience. Opportunity for lease back of 15,000 sq ft, contact agent for details. Several State and Local incentives available.

Building and Property Details

Building Expansion Potential YN: Yes
# of Dock Doors: 10
# of Drive-in Doors: 10
Maximum Ceiling Height: 30
Warehouse SqFt: 112352

Showing Information

Showing Instructions: Listing agent must accompany.

Tax & Legal

Tax Rate: 1.2777
Zoning Description: I-1
Directions: Off Georgetown Road, one block outside Citation Blvd.

Association/Community

Number Of Buildings: 1

Construction Materials

Concrete: Yes
Steel Frame: Yes
Other: Yes

Parking Features

On Site: Yes
Paved: Yes

Possession

Negotiable: Yes

Roof

Flat: Yes
Membrane: Yes

Security Features

Fire Sprinkler System: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

Standard: Yes

Building Features

Concrete Floor: Yes
Partially Carpeted: Yes
Tile/Brick Floor: Yes

Business Type

Industrial: Yes
Warehouse: Yes
Other: Yes

Ceiling

Open: Yes

Docks

4-10 Docks: Yes
Automatic: Yes

Sale Includes

Building(s): Yes
Land: Yes

Documents

Survey: Yes
Topographical Report: Yes

Property Features

Utilities: Electricity Connected; Sewer Connected; Water Connected; Electricity Connected; Sewer Connected; Water Connected Building Features: Concrete Floor; Partially Carpeted; Tile/Brick Floor Business Type: Industrial; Warehouse; Other Ceiling: Open Construction Materials: Concrete; Steel Frame; Other Docks: 4-10 Docks; Automatic Parking Features: On Site; Paved Possession: Negotiable Roof: Flat; Membrane Sale Includes: Building(s); Land Security Features: Fire Sprinkler System Sewer: Public Sewer Special Listing Conditions: Standard Documents: Survey; Topographical Report; Topographical Report

Listing Office: Local First Realty, LLC

Last Updated: September - 03 - 2025

Information deemed reliable but not guaranteed.