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
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.
