1040 Manchester Street, Lexington, KY 40508

$1,250,000
Property Type: Commercial Sale Square Footage: 11,578 Lot Size (sq. ft.): 34,848 Status: Contingent
Current Price: $1,250,000 List Date: 5/12/2026 Last Modified: 5/12/2026

Overview

Description

We are pleased to present this exceptionally updated and maintained Flex building located in the heart of the highly desirable Manchester Street corridor in Central Lexington. The building size at 11,578 SF on approximately 1 acre is very much in demand in this market, and consistently low in supply. As well, the division of office to warehouse is conducive to many business needs who can step right in and enjoy polished office space, cubicle rooms, multiple conference rooms, interior restrooms on each floor, copy room, and a warehouse space in the rear with loading dock access and lot accessibility that allows for large truck deliveries and pick ups. Other perks include two walk in coolers (455 SF and 375 SF), Kohler diesel back up generator that powers the entire building, 400 amp power, detached warehouse, and detached garage. The property also benefits from a central location in a highly desirable corridor that will appeal to a variety of flex users whether they are a local or regi ...

Listing Details MLS# 26010653

Listing Information

Comp Sale YN
No
Property Sub Type
Industrial

Status Change Information

Status Change Timestamp
2026-05-12
Purchase Contract Date
2026-05-12

Address

County
Fayette
Street Number
1040
Street Name
Manchester
Street Suffix
Street
State
KY
Zip Code
40508
Parcel Number
14101654

Contract

Original List Price
1250000
Start Showing Date
2026-05-12
Listing Contract Date
2026-04-13
Listing Agreement
Exclusive Right To Sell
Office Exclusive YN
No
List Price/SqFt
107.96

Tax Legal

MLS Area Major
001 - Fayette County NW
Subdivision Name
Commercial

Interior

Living Area Units
Square Feet
Building Area Total
11578
Building Area Source
Public Records
Building Area Units
Square Feet

More Information

Building

Year Built
1976
Stories Total
Yes
Accessibility Features YN
Yes

Lot

Lot Size Acres
0.8
Lot Size Square Feet
34848

Remarks

Public Remarks
We are pleased to present this exceptionally updated and maintained Flex building located in the heart of the highly desirable Manchester Street corridor in Central Lexington. The building size at 11,578 SF on approximately 1 acre is very much in demand in this market, and consistently low in supply. As well, the division of office to warehouse is conducive to many business needs who can step right in and enjoy polished office space, cubicle rooms, multiple conference rooms, interior restrooms on each floor, copy room, and a warehouse space in the rear with loading dock access and lot accessibility that allows for large truck deliveries and pick ups. Other perks include two walk in coolers (455 SF and 375 SF), Kohler diesel back up generator that powers the entire building, 400 amp power, detached warehouse, and detached garage. The property also benefits from a central location in a highly desirable corridor that will appeal to a variety of flex users whether they are a local or regional business, benefiting from proximity to New Circle Road, Downtown Lexington, and interstate access. Additionally, extensive improvements from 2014 and optimal upkeep over the years signal a lack of deferred maintenance providing reassurance to buyers looking for a solid investment for their own preferred use accommodate the time and deal structure necessary for such a pursuit. -Constantly high in demand / low in supply offering -Light Industrial zoning (I-1) with Adaptive Reuse Zoning Overlay -Just under 1 acre with generous access and parking areas for delivery -Central Lexington Location just off Downtown in Lexington's booming Distillery District -Adaptive Reuse Zoning Overlay for added use flexibility -Close proximity to New Circle Road, Downtown, and Interstate access -This property is enrolled in Kentucky's Brownfield Program.

Tax & Legal

Tax Rate
1.2638
Zoning
Other
Zoning Description
I-1 Light Industrial
Directions
Manchester Street outbound, the property will be on your left.

Association/Community

Number Of Buildings
3

Construction Materials

Block
Yes

Parking Features

On Site
Yes
Paved
Yes

Possession

Close Of Escrow
Yes

Roof

Shingle
Yes

Business Type

Industrial
Yes
Warehouse
Yes

Sale Includes

Building(s)
Yes
Land
Yes

Showing Requirements

Call Listing Agent
Yes

Property Features

Business Type: Industrial; Warehouse Construction Materials: Block Parking Features: On Site; Paved Possession: Close Of Escrow Roof: Shingle Sale Includes: Building(s); Land Showing Requirements: Call Listing Agent
Listing Office: Block + Lot Homes
Last Updated: May - 12 - 2026
Information deemed reliable but not guaranteed.