424 Fairman Court, Lexington, KY 40511 (MLS# 1108943)

424 Fairman Court, Lexington, KY 40511

$880,000

Property Type: Commercial Sale Square Footage: 60,000 Lot Size (sq. ft.): 123,275 Status: Closed

Current Price: $880,000 List Date: 5/05/2011 Last Modified: 9/03/2025

Overview

Description

ABSOLUTE AUCTION: This property to be sold at ABSOLUTE AUCTION on Wednesday, September 25th at 12:00 NOON with no minimum bid or reserve.SALETERMS: As is/Non-contingent/10% earnest money deposit/30 day settlement/10% buyer's premium added to all offers and included in the total contract price. Jim Halfhill, Sr. Principal Auctioneer. Much desired location in Lex., Ky. Close to I75, I64, New Circle Rd. and railroad. Easy access to airport in Lex.,KY.,Cin.,OH. and Louisville, KY. 3 phase electric, sprinkler system, remote controlled camera survailance system and fire monitoring system. 2-3 drive-in doors, 6-8 dock doors. Ceiling ht.23' at peak. Nice 2,000 s.f. apart. or office upstairs.It also has sprinklers. 2,000 s.f. office below has outside entrance. Forced air gas or efficient 500,000 btu oil burner. Pitch roof of ribbed steel with skylights. Expensive microwave internet with high speed.

Listing Details MLS# 1108943

Listing Information

Property Sub Type: Warehouse

Status Change Information

Price Change Timestamp: 2013-10-25T18:47:52Z
Status Change Timestamp: 2013-10-25
Purchase Contract Date: 2013-09-25
Close Date: 2013-10-25
Close Price: 880000
Buyer Financing: Conventional

Address

County: Fayette
Street Number: 424
Street Name: Fairman
Street Suffix: Court
State: KY
Zip Code: 40511
Parcel Number: 16912700

Contract

Original List Price: 1400000
Start Showing Date: 2011-05-05
Listing Contract Date: 2011-05-05
Listing Agreement: Exclusive Right To Sell
Occupant Type: Occupied
Office Exclusive YN: No
List Price/SqFt: 23.33
Sold Price/SqFt: 14.67
SP/LP: 0.63

Tax Legal

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

Interior

Living Area: 60000
Building Area Total: 60000

More Information

Parking Information

Parking Total: 56

Building

Year Built: 1974
Stories Total: Yes

Lot

Lot Size Acres: 2.83
Lot Size Square Feet: 123274.91

Utilities

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

Remarks

Public Remarks: ABSOLUTE AUCTION: This property to be sold at ABSOLUTE AUCTION on Wednesday, September 25th at 12:00 NOON with no minimum bid or reserve.SALETERMS: As is/Non-contingent/10% earnest money deposit/30 day settlement/10% buyer's premium added to all offers and included in the total contract price. Jim Halfhill, Sr. Principal Auctioneer. Much desired location in Lex., Ky. Close to I75, I64, New Circle Rd. and railroad. Easy access to airport in Lex.,KY.,Cin.,OH. and Louisville, KY. 3 phase electric, sprinkler system, remote controlled camera survailance system and fire monitoring system. 2-3 drive-in doors, 6-8 dock doors. Ceiling ht.23' at peak. Nice 2,000 s.f. apart. or office upstairs.It also has sprinklers. 2,000 s.f. office below has outside entrance. Forced air gas or efficient 500,000 btu oil burner. Pitch roof of ribbed steel with skylights. Expensive microwave internet with high speed.

Building and Property Details

Railroad Siding YN: Yes
Maximum Ceiling Height: 23
Warehouse SqFt: 56000
Electricity Phase: 3

Tax & Legal

Tax Rate: 1.0951
Zoning Description: I-1
Directions: New Circle Rd., to Georgetown Road outbound, left on Mercer, right on Fairman Road, right on Fairman Ct. Building at end of street.

Association/Community

Number Of Buildings: 1

Construction Materials

Block: Yes
Steel Frame: Yes

Parking Features

Paved: Yes

Roof

Metal: Yes

Security Features

Fire Sprinkler System: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

Auction: Yes
Standard: Yes

Water Heater

Water Heater: Yes

Building Features

Concrete Floor: Yes

Business Type

Warehouse: Yes

Ceiling

Dropped: Yes
Open: Yes

Docks

Over 10 Docks: Yes

Electric

3 Phase: Yes

Sale Includes

Building(s): Yes
Equipment: Yes
Land: 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: Warehouse Ceiling: Dropped; Open Construction Materials: Block; Steel Frame Docks: Over 10 Docks Electric: 3 Phase Parking Features: Paved Roof: Metal Sale Includes: Building(s); Equipment; Land Security Features: Fire Sprinkler System Sewer: Public Sewer Special Listing Conditions: Auction; Standard Water Heater: Water Heater

Listing Office: Rector Hayden Realtors

Last Updated: September - 03 - 2025

Information deemed reliable but not guaranteed.