550 W Fourth Street, Lexington, KY 40508
$1,350,000
Property Type:
Commercial Sale
Square Footage:
25,000
Lot Size (sq. ft.):
80,586
Status:
Closed
Current Price:
$1,350,000
List Date:
4/03/2019
Last Modified:
9/03/2025
Overview
Description
Listing Details MLS# 1904966
Listing Information
- Property Sub Type
- Industrial
Status Change Information
- Price Change Timestamp
- 2019-06-14T17:34:59Z
- Status Change Timestamp
- 2020-01-09
- Purchase Contract Date
- 2019-09-25
- Close Date
- 2019-12-30
- Close Price
- 1350000
- Buyer Financing
- Other
- Sale Type
- Arms Length Sale
- Concessions Comments
- No
Address
- County
- Fayette
- Street Number
- 550
- Street Direction Prefix
- W
- Street Name
- Fourth
- Street Suffix
- Street
- State
- KY
- Zip Code
- 40508
- Parcel Number
- 17135600
Contract
- Original List Price
- 1450000
- Start Showing Date
- 2019-03-06
- Listing Contract Date
- 2019-03-06
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Occupied
- Office Exclusive YN
- No
- List Price/SqFt
- 54
- Sold Price/SqFt
- 54
- SP/LP
- Yes
Tax Legal
- MLS Area Major
- 001 - Fayette County NW
- Subdivision Name
- Commercial
Interior
- Living Area
- 25000
- Building Area Total
- 25000
More Information
Building
- Year Built
- 1957
- Stories Total
- 2
Lot
- Lot Size Acres
- 1.85
- Lot Size Square Feet
- 80586.07
Remarks
- Public Remarks
- +/-25,057 SF industrial building on +/-1.85 AC for sale Adjacent to Transylvania University and The Flats at 345 (new apartment community) Located near many restaurants, shopping and attractions along Jefferson St, as well as Lexington's Central Business District, the $241 Million expansion/renovation of the Lexington Center/Rupp Arena (Under Construction), the future $40 Million Town Branch Park (Under Construction), Transylvania University, The Cheapside Pavilion, the United States District Courthouse and the $32 Million recently renovated Fayette County Courthouse.The nearby Jefferson Townhome Development is a new construction, gated community and Phase II of the townhome development is currently under construction This property may be eligible to benefit from incentives for investing in Opportunity Zones - to learn more visit http://www.thinkkentucky.com/OZ/ Electric: 3 Phase, 4 - 400 Amps for a total of 1,600 Amps Column Spacing: 21' x 28' 6,800 lb crane
Building and Property Details
- # of Dock Doors
- Yes
- # of Drive-in Doors
- 2
- Maximum Ceiling Height
- 14
- Electricity Phase
- 3 Phase
Showing Information
- Showing Instructions
- Call agent
Tax & Legal
- Tax Rate
- 1.2174
- Zoning Description
- I-1
- Directions
- Corner of Blackburn and W 4th St.
Construction Materials
- Block
- Yes
- Brick
- Yes
Listing Terms
- 1031 Exchange
- Yes
Possession
- Negotiable
- Yes
Roof
- Flat
- Yes
Special Listing Conditions
- Standard
- Yes
Business Type
- Industrial
- Yes
Ceiling
- Open
- Yes
Sale Includes
- Building(s)
- Yes
- Land
- Yes
Property Features
Business Type:
Industrial
Ceiling:
Open
Construction Materials:
Block; Brick
Listing Terms:
1031 Exchange
Possession:
Negotiable
Roof:
Flat
Sale Includes:
Building(s); Land
Special Listing Conditions:
Standard
Listing Office:
Woodruff Commercial Properties
Last Updated: September - 03 - 2025
Information deemed reliable but not guaranteed.