3181 Catnip Hill RdNicholasville, KY 40356

Property Details for 3181 Catnip Hill Rd

Lot size

5.00 AC

Property size (Sq ft)

1,200 SF

Property type

Mixed-use properties

Property subtype

Other industrial properties

APN

068-00-00-002.00

APU

68000000200

Description

This exceptional industrial property, slated for completion in October 2024, comprises two state-of-the-art flex warehouse buildings, each offering 7,500 square feet of adaptable space. The buildings are designed for versatility, allowing for subdivision into 1 to 6 individual units, ranging from 1,250 to 7,500 square feet. This makes the property suitable for businesses of all sizes. Each unit boasts high-quality metal construction, ensuring durability and longevity. Power is provided by a 200-amp, single-phase system, accommodating diverse operational needs. Included within each unit is 150-200 square feet of climate-controlled office space, complete with a bathroom and suspended gas heaters for efficient heating. The 20-foot clear height and 10x14-foot garage doors facilitate seamless loading and unloading. Ample parking is available with 20+ spaces. The property is zoned I-1. Pre-leasing discounts are offered for larger spaces, early commitments, and leases exceeding four years. This is a prime opportunity to secure flexible, modern workspace in a thriving business community.

• CAP approach

  CAP return

  Valuation

  6%

  $276,521

  6.5%

  $255,250

  7%

  $237,018

• Comparable approach

  Method

  Valuation

  Relative Method

  $160,635

  Geo Method

  $160,109

• Alternative Use

  Use

  Valuation

  Residential

  $255,250

  Hospitality

  $233,808

  Educational

  $194,526

  Medical

  $201,216

  Retail

  $302,595

Location Insight

City

Nicholasville

County

Jessamine

State

Kentucky

Latitude

37.9317

Longitude

-84.5516

CBSA code

30460

CBSA name

LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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