565 E New Circle Road, Lexington, KY 40505
$1,600,000
Property Type:
Commercial Sale
Square Footage:
13,520
Lot Size (sq. ft.):
37,897
Status:
Closed
Current Price:
$1,600,000
List Date:
4/20/2021
Last Modified:
9/03/2025
Overview
Description
Listing Details MLS# 1908909
Listing Information
- Property Sub Type
- Office
Status Change Information
- Price Change Timestamp
- 2021-06-12T22:58:05Z
- Status Change Timestamp
- 2021-09-10
- Purchase Contract Date
- 2021-07-01
- Close Date
- 2021-09-10
- Close Price
- 1600000
- Buyer Financing
- Conventional
- Sale Type
- Arms Length Sale
Address
- County
- Fayette
- Street Number
- 565
- Street Direction Prefix
- E
- Street Name
- New Circle
- Street Suffix
- Road
- State
- KY
- Zip Code
- 40505
- Parcel Number
- 10619050
Contract
- Original List Price
- 1750000
- Start Showing Date
- 2019-04-22
- Listing Contract Date
- 2019-04-22
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
- Office Exclusive YN
- No
- List Price/SqFt
- 117.97
- Sold Price/SqFt
- 118.34
- SP/LP
- Yes
Tax Legal
- MLS Area Major
- 002 - Fayette County NE
- Subdivision Name
- Commercial
Interior
- Living Area
- 13000
- Building Area Total
- 13520
More Information
Parking Information
- Parking Total
- 55
Building
- Year Built
- 1987
- Stories Total
- Yes
Lot
- Lot Size Acres
- 0.87
- Lot Size Square Feet
- 37897.23
- Road Frontage Feet
- 275
Utilities
- Cooling YN
- Yes
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
- Sewer Connected
- Yes
- Water Connected
- Yes
Remarks
- Public Remarks
- REDUCED!! Nice strip shopping center located on the very busy New Circle Rd. One of Lexington's highest traffic counts, coupled with vary densely populated surrounding neighborhoods, make this one of Lexington's most desirable business areas.
Income and Expenses
- Gross Scheduled Income
- 183000
Tax & Legal
- Tax Rate
- 1.2774
- Zoning Description
- B-3
- Directions
- From New Circle Rd. at Winchester, take New Circle toward Meadow Lane, the property is on Right.
Association/Community
- Number Of Buildings
- 1
Construction Materials
- Block
- Yes
- Concrete
- Yes
- Glass
- Yes
Parking Features
- On Site
- Yes
- Paved
- Yes
Possession
- Negotiable
- Yes
- Subject To Tenant Rights
- Yes
Roof
- Composition
- Yes
- Flat
- Yes
- Tar/Gravel
- Yes
Sewer
- Public Sewer
- Yes
- Other
- Yes
Special Listing Conditions
- Standard
- Yes
Building Features
- Partially Carpeted
- Yes
- Tile/Brick Floor
- Yes
- Vinyl Flooring
- Yes
Business Type
- Professional/Office
- Yes
- Retail
- Yes
Ceiling
- Dropped
- Yes
- Open
- Yes
Docks
- None
- Yes
Electric
- 100 Amp Service
- Yes
- 200+ Amp Service
- Yes
Existing Lease Type
- Gross
- Yes
Sale Includes
- Building(s)
- Yes
- Land
- Yes
- Leases
- Yes
Tenant Pays
- Electricity
- Yes
- Gas
- Yes
- Interior Maintenance
- Yes
- Sewer
- Yes
- Water
- Yes
Property Features
Utilities:
Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Building Features:
Partially Carpeted; Tile/Brick Floor; Vinyl Flooring
Business Type:
Professional/Office; Retail
Ceiling:
Dropped; Open
Construction Materials:
Block; Concrete; Glass
Docks:
None
Electric:
100 Amp Service; 200+ Amp Service
Existing Lease Type:
Gross
Parking Features:
On Site; Paved
Possession:
Negotiable; Subject To Tenant Rights
Roof:
Composition; Flat; Tar/Gravel
Sale Includes:
Building(s); Land; Leases
Sewer:
Public Sewer; Other
Special Listing Conditions:
Standard
Tenant Pays:
Electricity; Gas; Interior Maintenance; Sewer; Water
Listing Office:
Jack Foley Realty, LLC
Last Updated: September - 03 - 2025
Information deemed reliable but not guaranteed.