505 W New Circle Road, Lexington, KY 40511

$1,000,000
Property Type: Commercial Sale Square Footage: 18,122 Lot Size (sq. ft.): 62,726 Status: Closed
Current Price: $1,000,000 List Date: 6/29/2019 Last Modified: 9/03/2025

Overview

Description

Retail showroom/warehouse with I-75 & I-64 access within 2 miles. New Circle Road frontage. 1.44 total acres. Over 5000 SF showroom; 8000 SF warehouse with approx. 16' ceiling height, two drive-in doors and one dock door. Separate restrooms servicing retail, warehouse and office areas. Two story office centrally located with conference room, private offices and full kitchen. 1300 SF out building on property for additional storage. High visibility and signage on New Circle!

Listing Details MLS# 1914824

Listing Information

Property Sub Type
Business

Status Change Information

Price Change Timestamp
2019-09-10T17:15:34Z
Status Change Timestamp
2019-09-10
Purchase Contract Date
2019-08-01
Close Date
2019-09-09
Close Price
1000000
Buyer Financing
Conventional
Sale Type
Arms Length Sale
Concessions Comments
No

Address

County
Fayette
Street Number
505
Street Direction Prefix
W
Street Name
New Circle
Street Suffix
Road
State
KY
Zip Code
40511

Contract

Original List Price
1310000
Start Showing Date
2019-06-25
Listing Contract Date
2019-06-25
Listing Agreement
Exclusive Right To Sell
Occupant Type
Occupied
Office Exclusive YN
No
List Price/SqFt
72.29
Sold Price/SqFt
55.18
SP/LP
0.76

Tax Legal

MLS Area Major
002 - Fayette County NE
Subdivision Name
Commercial

Interior

Building Area Total
18122

More Information

Building

Year Built
1967

Lot

Lot Size Acres
1.44
Lot Size Square Feet
62726.46

Remarks

Public Remarks
Retail showroom/warehouse with I-75 & I-64 access within 2 miles. New Circle Road frontage. 1.44 total acres. Over 5000 SF showroom; 8000 SF warehouse with approx. 16' ceiling height, two drive-in doors and one dock door. Separate restrooms servicing retail, warehouse and office areas. Two story office centrally located with conference room, private offices and full kitchen. 1300 SF out building on property for additional storage. High visibility and signage on New Circle!

Building and Property Details

# of Dock Doors
Yes
# of Drive-in Doors
2
Maximum Ceiling Height
16

Showing Information

Showing Instructions
Contact Christa Collins 859-321-3552 or Stuart Stebleton 248-318-0881 to schedule an appointment.

Tax & Legal

Tax Rate
1.2774
Zoning Description
B-3
Directions
W. New Circle Road between Newtown Pike and Russell Cave Road. Across from Walmart Supercenter.

Special Listing Conditions

Standard
Yes

Business Type

Commercial
Yes
Warehouse
Yes

Sale Includes

Building(s)
Yes
Land
Yes

Property Features

Business Type: Commercial; Warehouse Sale Includes: Building(s); Land Special Listing Conditions: Standard
Listing Office: The Gibson Company
Last Updated: September - 03 - 2025
Information deemed reliable but not guaranteed.
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