330 Midland PlLexington, KY 40505

Property Details for 330 Midland Pl

Year built

1956

Lot size

0.60 AC

Property size (Sq ft)

21,285 SF

Zone code

I-1

Property type

Industrial properties

Property subtype

Industrial live-work properties

APN

14417553

APU

14417553

Description

This exceptional 7,600-square-foot industrial warehouse, situated at 330 Midland Place in Lexington, Kentucky, presents a compelling sublease opportunity. Ideally located just off Winchester Road, this property offers a cost-effective and flexible storage solution. Renovated in 2018, the warehouse boasts a 16-foot clear height, enhancing storage capacity and maneuverability. A single 12-foot drive-in door ensures efficient loading and unloading of goods. The space is fully climate-controlled, providing optimal protection for stored items. Modern LED lighting illuminates the entire area, while strategically placed windows allow for ample natural light, reducing energy consumption and creating a brighter, more inviting workspace. The simplistic lease structure streamlines the rental process, making it an attractive option for businesses seeking a straightforward agreement. The property's central location offers easy access to key transportation arteries. It's approximately 1.5 miles from New Circle Road and roughly 3.5 miles from the intersection of Interstates 75 and 64, providing convenient access to the broader Lexington area and beyond. This warehouse is perfectly suited for general storage needs, overflow inventory, or contractor equipment storage. The 0.6-acre lot provides ample space for maneuvering and potential future expansion. The property's proximity to downtown Lexington further enhances its appeal. Sublease terms are flexible, allowing for customization to meet individual business requirements.

• CAP approach

  CAP return

  Valuation

  6%

  $4,029,943

  6.5%

  $3,719,948

  7%

  $3,454,237

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,719,020

  Geo Method

  $2,839,930

• Alternative Use

  Use

  Valuation

  Residential

  $3,719,948

  Hospitality

  $3,407,452

  Educational

  $2,834,960

  Medical

  $2,932,459

  Retail

  $4,409,938

Location Insight

City

Lexington

County

Fayette

State

Kentucky

Latitude

38.0432

Longitude

-84.4794

CBSA code

30460

CBSA name

LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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