550 W Fourth Street, Lexington, KY 40508

$1,350,000
Property Type: Commercial Sale Square Footage: 25,000 Lot Size (sq. ft.): 80,586 Status: Closed
Current Price: $1,350,000 List Date: 4/03/2019 Last Modified: 9/03/2025

Overview

Description

+/-25,057 SF industrial building on +/-1.85 AC for sale Adjacent to Transylvania University and The Flats at 345 (new apartment community) Located near many restaurants, shopping and attractions along Jefferson St, as well as Lexington's Central Business District, the $241 Million expansion/renovation of the Lexington Center/Rupp Arena (Under Construction), the future $40 Million Town Branch Park (Under Construction), Transylvania University, The Cheapside Pavilion, the United States District Courthouse and the $32 Million recently renovated Fayette County Courthouse.The nearby Jefferson Townhome Development is a new construction, gated community and Phase II of the townhome development is currently under construction This property may be eligible to benefit from incentives for investing in Opportunity Zones - to learn more visit http://www.thinkkentucky.com/OZ/ Electric: 3 Phase, 4 - 400 Amps for a total of 1,600 Amps Column Spacing: 21' x 28' 6,800 lb crane

Listing Details MLS# 1904966

Listing Information

Property Sub Type
Industrial

Status Change Information

Price Change Timestamp
2019-06-14T17:34:59Z
Status Change Timestamp
2020-01-09
Purchase Contract Date
2019-09-25
Close Date
2019-12-30
Close Price
1350000
Buyer Financing
Other
Sale Type
Arms Length Sale
Concessions Comments
No

Address

County
Fayette
Street Number
550
Street Direction Prefix
W
Street Name
Fourth
Street Suffix
Street
State
KY
Zip Code
40508
Parcel Number
17135600

Contract

Original List Price
1450000
Start Showing Date
2019-03-06
Listing Contract Date
2019-03-06
Listing Agreement
Exclusive Right To Sell
Occupant Type
Occupied
Office Exclusive YN
No
List Price/SqFt
54
Sold Price/SqFt
54
SP/LP
Yes

Tax Legal

MLS Area Major
001 - Fayette County NW
Subdivision Name
Commercial

Interior

Living Area
25000
Building Area Total
25000

More Information

Building

Year Built
1957
Stories Total
2

Lot

Lot Size Acres
1.85
Lot Size Square Feet
80586.07

Remarks

Public Remarks
+/-25,057 SF industrial building on +/-1.85 AC for sale Adjacent to Transylvania University and The Flats at 345 (new apartment community) Located near many restaurants, shopping and attractions along Jefferson St, as well as Lexington's Central Business District, the $241 Million expansion/renovation of the Lexington Center/Rupp Arena (Under Construction), the future $40 Million Town Branch Park (Under Construction), Transylvania University, The Cheapside Pavilion, the United States District Courthouse and the $32 Million recently renovated Fayette County Courthouse.The nearby Jefferson Townhome Development is a new construction, gated community and Phase II of the townhome development is currently under construction This property may be eligible to benefit from incentives for investing in Opportunity Zones - to learn more visit http://www.thinkkentucky.com/OZ/ Electric: 3 Phase, 4 - 400 Amps for a total of 1,600 Amps Column Spacing: 21' x 28' 6,800 lb crane

Building and Property Details

# of Dock Doors
Yes
# of Drive-in Doors
2
Maximum Ceiling Height
14
Electricity Phase
3 Phase

Showing Information

Showing Instructions
Call agent

Tax & Legal

Tax Rate
1.2174
Zoning Description
I-1
Directions
Corner of Blackburn and W 4th St.

Construction Materials

Block
Yes
Brick
Yes

Listing Terms

1031 Exchange
Yes

Possession

Negotiable
Yes

Roof

Flat
Yes

Special Listing Conditions

Standard
Yes

Business Type

Industrial
Yes

Ceiling

Open
Yes

Sale Includes

Building(s)
Yes
Land
Yes

Property Features

Business Type: Industrial Ceiling: Open Construction Materials: Block; Brick Listing Terms: 1031 Exchange Possession: Negotiable Roof: Flat Sale Includes: Building(s); Land Special Listing Conditions: Standard
Listing Office: Woodruff Commercial Properties
Last Updated: September - 03 - 2025
Information deemed reliable but not guaranteed.
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