565 E New Circle Road, Lexington, KY 40505

$1,600,000

Property Type: Commercial Sale Square Footage: 13,520 Lot Size (sq. ft.): 37,897 Status: Closed

Current Price: $1,600,000 List Date: 4/20/2021 Last Modified: 9/03/2025

Overview

Description

REDUCED!! Nice strip shopping center located on the very busy New Circle Rd. One of Lexington's highest traffic counts, coupled with vary densely populated surrounding neighborhoods, make this one of Lexington's most desirable business areas.

Listing Details MLS# 1908909

Listing Information

Property Sub Type: Office

Status Change Information

Price Change Timestamp: 2021-06-12T22:58:05Z
Status Change Timestamp: 2021-09-10
Purchase Contract Date: 2021-07-01
Close Date: 2021-09-10
Close Price: 1600000
Buyer Financing: Conventional
Sale Type: Arms Length Sale

Address

County: Fayette
Street Number: 565
Street Direction Prefix: E
Street Name: New Circle
Street Suffix: Road
State: KY
Zip Code: 40505
Parcel Number: 10619050

Contract

Original List Price: 1750000
Start Showing Date: 2019-04-22
Listing Contract Date: 2019-04-22
Listing Agreement: Exclusive Right To Sell
Occupant Type: Tenant
Office Exclusive YN: No
List Price/SqFt: 117.97
Sold Price/SqFt: 118.34
SP/LP: Yes

Tax Legal

MLS Area Major: 002 - Fayette County NE
Subdivision Name: Commercial

Interior

Living Area: 13000
Building Area Total: 13520

More Information

Parking Information

Parking Total: 55

Building

Year Built: 1987
Stories Total: Yes

Lot

Lot Size Acres: 0.87
Lot Size Square Feet: 37897.23
Road Frontage Feet: 275

Utilities

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

Remarks

Public Remarks: REDUCED!! Nice strip shopping center located on the very busy New Circle Rd. One of Lexington's highest traffic counts, coupled with vary densely populated surrounding neighborhoods, make this one of Lexington's most desirable business areas.

Income and Expenses

Gross Scheduled Income: 183000

Tax & Legal

Tax Rate: 1.2774
Zoning Description: B-3
Directions: From New Circle Rd. at Winchester, take New Circle toward Meadow Lane, the property is on Right.

Association/Community

Number Of Buildings: 1

Construction Materials

Block: Yes
Concrete: Yes
Glass: Yes

Parking Features

On Site: Yes
Paved: Yes

Possession

Negotiable: Yes
Subject To Tenant Rights: Yes

Roof

Composition: Yes
Flat: Yes
Tar/Gravel: Yes

Sewer

Public Sewer: Yes
Other: Yes

Special Listing Conditions

Standard: Yes

Building Features

Partially Carpeted: Yes
Tile/Brick Floor: Yes
Vinyl Flooring: Yes

Business Type

Professional/Office: Yes
Retail: Yes

Ceiling

Dropped: Yes
Open: Yes

Docks

None: Yes

Electric

100 Amp Service: Yes
200+ Amp Service: Yes

Existing Lease Type

Gross: Yes

Sale Includes

Building(s): Yes
Land: Yes
Leases: Yes

Tenant Pays

Electricity: Yes
Gas: Yes
Interior Maintenance: Yes
Sewer: Yes
Water: Yes

Property Features

Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Building Features: Partially Carpeted; Tile/Brick Floor; Vinyl Flooring Business Type: Professional/Office; Retail Ceiling: Dropped; Open Construction Materials: Block; Concrete; Glass Docks: None Electric: 100 Amp Service; 200+ Amp Service Existing Lease Type: Gross Parking Features: On Site; Paved Possession: Negotiable; Subject To Tenant Rights Roof: Composition; Flat; Tar/Gravel Sale Includes: Building(s); Land; Leases Sewer: Public Sewer; Other Special Listing Conditions: Standard Tenant Pays: Electricity; Gas; Interior Maintenance; Sewer; Water

Listing Office: Jack Foley Realty, LLC

Last Updated: September - 03 - 2025

Information deemed reliable but not guaranteed.