Industrial Redevelopment in Lexington, KY

730 Rockcastle Street Lexington, KY 40505

730 Rockcastle Street, Lexington, KY, 40505
730 Rockcastle Street, Lexington, KY, 40505 730 Rockcastle Street, Lexington, KY, 40505 730 Rockcastle Street, Lexington, KY, 40505 730 Rockcastle Street, Lexington, KY, 40505 730 Rockcastle Street, Lexington, KY, 40505 730 Rockcastle Street, Lexington, KY, 40505 730 Rockcastle Street, Lexington, KY, 40505 730 Rockcastle Street, Lexington, KY, 40505
FOR SALE
Property Type:
Warehouse
Amount:
$2,995,000
Last Verified:
Oct 01, 2024

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Highlights

  • 6.1 acres
  • Light industrial zoning
  • (2) steel erected buildings
  • (1) reinforced concrete structure
  • Rare IOS laydown yard
  • Inside New Circle road

Description

SVN Stone Commercial Real Estate in partnership with Square Foot Commercial is pleased to bring to market an exciting industrial redevelopment opportunity just outside of downtown Lexington, KY.

The light industrial zoned property consists of four separately deeded parcels and contains approximately 6.1 acres of contiguous industrial land. The site contains several existing improvements including two steel erected buildings, one reinforced concrete structure containing a fully functional breakroom, and a steel erected three-sided outdoor storage building. In addition to the buildings on site, the property has the rare luxury of a 1.94-acre outdoor storage yard. The remaining improvements on site are temporary and can be removed.

Additional features include access to rail (served by RJ Corman), a truck weighing station, securitization by chain-link fence with operational automatics gates, and ingress/egress to the site by three separate points. (Shelby Street, Rockcastle Street, and 7 th Street).

For further inquiries or to set up a personal tour of the property, please reach out to John Bunch at (859)-433-8911 or john.bunch@svn.com.

Lexington, Kentucky has been rated as one of America's premier cities by some of the most noted and revered industry standard-bearers, such as Forbes magazine, the U.S. Census Bureau, Cognetics consulting group, Dun & Bradstreet, Ladies Home Journal, and Places Rated Almanac - just to name a few. Most people think of rolling countryside with stone fences, great basketball action, horse farms, Thoroughbred racing at Keeneland, a diverse economy, and outstanding schools, colleges and universities. Our community ranks high in quality of life factors, such as health care, public safety, educational attainment, and quality family living. The area also measures high among the best places for business location, creativity, entrepreneurial growth, and career relocation. Residents of competing cities view Lexington as a beautiful place, with great schools, an innovative health care system, a strong economy, and mountains of potential.

Building Size: 66546sq ft
Lot Size: 6.1 acres


Documents

Brochure - Cohen Portfolio.pdf

Map of 730 Rockcastle Street, Lexington, KY, 40505

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.