237 Industry Parkway, Nicholasville, KY 40356

$880,000
Property Type: Commercial Sale Square Footage: 17,250 Lot Size (sq. ft.): 59,677 Status: Closed
Current Price: $880,000 List Date: 7/31/2019 Last Modified: 9/03/2025

Overview

Description

98 mini warehouse units plus office. Located near Fayette Co line in old drag strip area. Large upside potential! Significant under market rent. Current 7.8 CAP. This property can be bought in combination with neighboring property 125 MacArthur.

Listing Details MLS# 1917531

Listing Information

Property Sub Type
Industrial

Status Change Information

Price Change Timestamp
2020-03-13T12:50:37Z
Status Change Timestamp
2020-03-13
Purchase Contract Date
2019-10-24
Close Date
2020-03-11
Close Price
880000
Buyer Financing
Conventional
Sale Type
Arms Length Sale
Concessions Comments
No

Address

County
Jessamine
Street Number
237
Street Name
Industry
Street Suffix
Parkway
State
KY
Zip Code
40356
Parcel Number
067-00-00-068.00

Contract

Original List Price
910000
Start Showing Date
2019-07-31
Listing Contract Date
2019-07-31
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant
Office Exclusive YN
No
List Price/SqFt
52.17
Sold Price/SqFt
51.01
SP/LP
0.98

Tax Legal

MLS Area Major
009 - Jessamine County
Subdivision Name
Commercial

Interior

Living Area
17250
Building Area Total
17250

More Information

Building

Year Built
1993

Lot

Lot Size Acres
1.37
Lot Size Square Feet
59677.25

Remarks

Public Remarks
98 mini warehouse units plus office. Located near Fayette Co line in old drag strip area. Large upside potential! Significant under market rent. Current 7.8 CAP. This property can be bought in combination with neighboring property 125 MacArthur.

Income and Expenses

Gross Scheduled Income
93060

Showing Information

Showing Instructions
Call Agent

Tax & Legal

Tax Rate
1.24
Zoning Description
I-1
Directions
South on Lexington Rd(27) just past Jessamine Co line turn left on Industry Pkwy.

Association/Community

Number Of Buildings
3

Utilities

Sewer Available
Yes
Water Not Available
Yes

Special Listing Conditions

Standard
Yes

Business Type

Industrial
Yes

Sale Includes

Building(s)
Yes
Land
Yes

Tenant Pays

None
Yes

Property Features

Utilities: Sewer Available; Water Not Available; Sewer Available; Water Not Available Business Type: Industrial Sale Includes: Building(s); Land Special Listing Conditions: Standard Tenant Pays: None
Listing Office: Woodruff Commercial Properties
Last Updated: September - 03 - 2025
Information deemed reliable but not guaranteed.
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