2425 Merchant Street, Lexington, KY 40511

$4,850,000
Property Type: Commercial Sale Square Footage: 99,591 Lot Size (sq. ft.): 253,955 Status: Closed
Current Price: $4,850,000 List Date: 3/28/2018 Last Modified: 9/03/2025

Overview

Description

10 Dock Doors, 1 Drive in Door, Year Built: 1985, renovated and occupied by Big Ass Fans since 2002, Modern Office Fit Up with Glass Offices, Fully Sprinkled, Property Highlights: In demand ratio of office space to industrial space, Modern and attractive configuration of office space with glass walls and desirable working environment, Employee cafeteria, Comfortable building layout within the property, allowing sufficient parking and easy truck access Great visibility from Leestown Rd., Heating and Air: 12 package, 2 splits, 2 forced gas, and 4 radiant units, Low pitch metal roof (replaced around 2006), 35 Big Ass Fans (approx 10 residential fans, 10 commercial fans, and 15 industrial fans), Updated Big Ass LED Lighting 63,000 SF with 17 foot clear height, 32,000 SF with 28 foot clear height, 4,591 SF mezzanine.

Listing Details MLS# 1806176

Listing Information

Property Sub Type
Industrial

Status Change Information

Price Change Timestamp
2018-08-15T13:26:52Z
Status Change Timestamp
2018-08-15
Purchase Contract Date
2018-05-04
Close Date
2018-08-07
Close Price
4850000
Buyer Financing
Cash
Sale Type
Arms Length Sale
Concessions Comments
n/a

Address

County
Fayette
Street Number
2425
Street Name
Merchant
Street Suffix
Street
State
KY
Zip Code
40511

Contract

Original List Price
5000000
Start Showing Date
2018-03-28
Listing Contract Date
2018-03-28
Listing Agreement
Exclusive Right To Sell
Occupant Type
Vacant
Office Exclusive YN
No
List Price/SqFt
50.21
Sold Price/SqFt
48.7
SP/LP
0.97

Tax Legal

MLS Area Major
004 - Fayette County SW
Subdivision Name
Commercial

Interior

Living Area
99591
Building Area Total
99591

More Information

Parking Information

Parking Total
56

Building

Year Built
1985

Lot

Lot Size Acres
5.83
Lot Size Square Feet
253955.03

Remarks

Public Remarks
10 Dock Doors, 1 Drive in Door, Year Built: 1985, renovated and occupied by Big Ass Fans since 2002, Modern Office Fit Up with Glass Offices, Fully Sprinkled, Property Highlights: In demand ratio of office space to industrial space, Modern and attractive configuration of office space with glass walls and desirable working environment, Employee cafeteria, Comfortable building layout within the property, allowing sufficient parking and easy truck access Great visibility from Leestown Rd., Heating and Air: 12 package, 2 splits, 2 forced gas, and 4 radiant units, Low pitch metal roof (replaced around 2006), 35 Big Ass Fans (approx 10 residential fans, 10 commercial fans, and 15 industrial fans), Updated Big Ass LED Lighting 63,000 SF with 17 foot clear height, 32,000 SF with 28 foot clear height, 4,591 SF mezzanine.

Building and Property Details

# of Dock Doors
10
# of Drive-in Doors
Yes
Warehouse SqFt
95000

Tax & Legal

Tax Rate
1.2174
Zoning Description
I-1
Directions
High growth area, well located near New Circle Rd and benefited by improvements to the immediate area such as the widening of Leestown Rd and Citation Way access, proximity to Interstate 75.

Roof

Metal
Yes

Security Features

Fire Sprinkler System
Yes

Special Listing Conditions

Standard
Yes

Business Type

Industrial
Yes
Warehouse
Yes

Docks

4-10 Docks
Yes

Property Features

Business Type: Industrial; Warehouse Docks: 4-10 Docks Roof: Metal Security Features: Fire Sprinkler System Special Listing Conditions: Standard
Listing Office: Block + Lot Homes
Last Updated: September - 03 - 2025
Information deemed reliable but not guaranteed.