1585 Mercer Road, Lexington, KY 40511
$1,747,000
Property Type:
Commercial Sale
Square Footage:
13,135
Lot Size (sq. ft.):
43,124
Status:
Closed
Current Price:
$1,747,000
List Date:
7/01/2024
Last Modified:
1/12/2026
Overview
Description
Listing Details MLS# 24009138
Listing Information
- Comp Sale YN
- No
- Property Sub Type
- Industrial
Status Change Information
- Status Change Timestamp
- 2024-10-28
- Purchase Contract Date
- 2024-08-29
- Close Date
- 2024-10-24
- Close Price
- 1747000
- Buyer Financing
- Conventional
- Sale Type
- Arms Length Sale
Address
- County
- Fayette
- Street Number
- 1585
- Street Name
- Mercer
- Street Suffix
- Road
- State
- KY
- Zip Code
- 40511
- Parcel Number
- 38018320
Contract
- Original List Price
- 1995000
- Start Showing Date
- 2024-05-09
- Listing Contract Date
- 2024-05-09
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
- Office Exclusive YN
- No
- SP/LP
- 0.88
Tax Legal
- MLS Area Major
- 001 - Fayette County NW
- Subdivision Name
- Commercial
Interior
- Living Area
- 13135
More Information
Building
- Year Built
- 2020
Lot
- Lot Size Acres
- 0.99
- Lot Size Square Feet
- 43124
Remarks
- Public Remarks
- 1585 Mercer Rd is a three tenant flex building constructed in 2020 and expanded in 2021 totaling 13,135 SF on 0.99 acres (I-1 zoning). This unique investment opportunity can either be 100% occupied with the owner leasing back Suite 130 or a new owner could occupy 3,500 SF. High end office finishes including polished concrete floors, 19' to 21' ceilings in the warehouse areas, 12' and 14' drive-in doors, 38 parking spaces, and conveniently located with quick access to New Circle Rd from both Georgetown Rd and Leestown Rd.
Tax & Legal
- Tax Rate
- 1.2643
- Zoning Description
- I-1
- Directions
- New Circle Rd to Georgetown Rd, left on Mercer Rd
Business Type
- Industrial
- Yes
- Warehouse
- Yes
Property Features
Business Type:
Industrial; Warehouse
Listing Office:
The Gibson Company
Last Updated: January - 12 - 2026
Information deemed reliable but not guaranteed.