Rare Infill Redevelopment Opportunity

Highlights

• Zoned I-1
• Rare infill development opportunity poised for strategic repositioning (+/- 1.0 acres in an opportunity zone)
• 2,000 SF steel building, which has several private offices, restrooms, and drive-through garage space
• 100,000-bushel grain silos, and processing equipment
• Convenient proximity to New Circle Road and I-75

Description

SVN Stone Commercial Real Estate is pleased to bring to market a rare infill redevelopment opportunity located at 333–341 Henry Street in downtown Lexington. This historic property has a rich history, as it was originally developed by the James Ben Ali Haggin Family in 1911 as a state-of-the-art grain and feed operation. At the time of development, the Haggin family was the owner of Mt. Brilliant Farm, owned hundreds of thoroughbred horses, and ran the largest dairy and livestock operation in the Southeastern United States. While the property is still fully functional as a grain operation, it is well poised for strategic repositioning. For starters, the property is just shy of 1 acre, is in an Opportunity Zone, and qualifies for both state and federal historic tax credits. Upon a quick glance of the surrounding properties, you will find several medium- to large-scale multi-family and mixed-use developments. The current improvements on site feature a +/- 2,000-sf steel building that has several private offices, restrooms, and drive-through garage space. There is also a multi-story grain elevator, 100,000-bushel grain silos, and processing equipment. For further information on the property or to set up an on-site tour, please reach out to John Bunch, SIOR at john.bunch@svn.com or 859-433-8911.

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.

Documents