761-763 E Seventh Street, Lexington, KY 40505
$1,555,000
Property Type:
Commercial Sale
Square Footage:
27,507
Lot Size (sq. ft.):
42,840
Status:
Closed
Current Price:
$1,555,000
List Date:
9/12/2022
Last Modified:
9/03/2025
Overview
Description
Listing Details MLS# 22020349
Listing Information
- Comp Sale YN
- No
- Property Sub Type
- Industrial
Status Change Information
- Status Change Timestamp
- 2022-12-05
- Purchase Contract Date
- 2022-09-26
- Close Date
- 2022-12-01
- Close Price
- 1555000
- Buyer Financing
- Cash
- Sale Type
- Arms Length Sale
- Concessions Comments
- No
Address
- County
- Fayette
- Street Number
- 761-763
- Street Direction Prefix
- E
- Street Name
- Seventh
- Street Suffix
- Street
- State
- KY
- Zip Code
- 40505
- Parcel Number
- 26469850
Contract
- Original List Price
- 1685000
- Start Showing Date
- 2022-09-12
- Listing Contract Date
- 2022-09-10
- Listing Agreement
- Exclusive Right To Sell
- Owner Name
- Stones and Granite, LLC
- Occupant Type
- Occupied
- Office Exclusive YN
- No
- List Price/SqFt
- 61.26
- Sold Price/SqFt
- 56.53
- SP/LP
- 0.92
Tax Legal
- MLS Area Major
- 002 - Fayette County NE
- Subdivision Name
- Commercial
Interior
- Living Area
- 27507
- Building Area Total
- 27507
More Information
Parking Information
- Parking Total
- 35
Building
- Basement YN
- Yes
- Year Built
- 1950
- Stories Total
- 2
Lot
- Lot Size Acres
- 0.983
- Lot Size Square Feet
- 42840
- Road Frontage Feet
- 170
Remarks
- Public Remarks
- Appx 27,507 SF industrial facility located on a 0.98 acre lot. Office/warehouse building is appx 22,000 sq ft and includes the owner occupied space which is a completely remodeled showroom and office space with reception and office areas and a very nice public bathroom. The warehouse space is divided into 3 sections. The property offers 2 dock doors, 1 drive-in door, 1 overhead door, suspended gas heat, 3-phase electric, concrete flooring, building signage, an abundance of parking. New roof. on front 2 buildlngs. The two story office space on the far right is currently leased and features an open floor plan with hardwood floors on the 1st floor, original shell condition on the 2nd floor, and an unfinished basement that connects to the warehouse building. Three small areas of the property have short term leases until April/May 2023 and total income of $3500/month. Priced at recent appraisal
Building and Property Details
- # of Dock Doors
- 2
- # of Drive-in Doors
- Yes
- # of Men's Restrooms
- Yes
- # of Women's Restrooms
- Yes
- Maximum Ceiling Height
- 14
- Warehouse SqFt
- 22220
- Electricity Phase
- 3
Showing Information
- Showing Instructions
- Occupied by an ongoing business. One tenant is unavailable Wednesday night after 5. Most of the building is occupied by the owner.
Tax & Legal
- Tax Rate
- 1.2727
- Zoning Description
- I-1
- Directions
- Winchester Rd, Just inside New Circle Rd to E. Seventh St, close to I-75
Association/Community
- Number Of Buildings
- 1
Utilities
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
- Phone Available
- Yes
- Sewer Connected
- Yes
- Water Connected
- Yes
Construction Materials
- Block
- Yes
Possession
- Negotiable
- Yes
- Subject To Tenant Rights
- Yes
Roof
- Flat
- Yes
- Membrane
- Yes
Security Features
- Fire Sprinkler System
- Yes
Sewer
- Public Sewer
- Yes
Special Listing Conditions
- Standard
- Yes
Building Features
- Concrete Floor
- Yes
- Vinyl Flooring
- Yes
- Wood Flooring
- Yes
Business Type
- Industrial
- Yes
- Mixed
- Yes
- Warehouse
- Yes
Ceiling
- Dropped
- Yes
- Open
- Yes
Docks
- Automatic
- Yes
- Manual
- Yes
Electric
- 3 Phase
- Yes
Sale Includes
- Building(s)
- Yes
- Land
- Yes
Documents
- Appraisal
- Yes
Property Features
Utilities:
Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected; Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected
Building Features:
Concrete Floor; Vinyl Flooring; Wood Flooring
Business Type:
Industrial; Mixed; Warehouse
Ceiling:
Dropped; Open
Construction Materials:
Block
Docks:
Automatic; Manual
Electric:
3 Phase
Possession:
Negotiable; Subject To Tenant Rights
Roof:
Flat; Membrane
Sale Includes:
Building(s); Land
Security Features:
Fire Sprinkler System
Sewer:
Public Sewer
Special Listing Conditions:
Standard
Documents:
Appraisal
Listing Office:
Horse Capital Realty
Last Updated: September - 03 - 2025
Information deemed reliable but not guaranteed.