1509 Bull Lea Rd - Office FOR SALE


Lexington, KY 40511
$1,850,000 USD
859-309-0099
1509 Bull Lea Rd, Lexington, KY for Sale
$1,850,000 USD
Office - FOR SALE
1/11
null | Request Cap Rate

1509 Bull Lea Rd
Lexington, KY 40511


HIGHLIGHTS

  • 7,500 SF turnkey lab space ideal for an owner-occupant.
  • New roof installed in 2024 with significant HVAC replacements over the last 5 years.
  • Located in the Coldstream Research Campus appx. 1.5 miles from I-75.
  • 73 parking spaces with additional reciprocal parking.
  • Single-story, free standing, Class A construction.

OVERVIEW

1509 Bull Lea Rd. is a single-story free standing office/lab/R&D building, built in 2002, steel/concrete/masonry construction, rubber membrane roof, wet sprinkler system, monument and directory signage, appx. 73 parking spaces with reciprocal parking, gas heat, electric cooled HVAC eight rooftop units of at least six tons each. Suite 100: 7,500 SF of turnkey lab space which includes: large laboratory rooms with benches/built-ins, chemical and vent hoods, walk-in freezer, large storage with 10’ x 8‘ drive-in door, 4 private offices, and a kitchenette. Can be combined with Suite 300 for 11,250 contiguous SF. Suite 200 & 400: 3,750 SF currently leased to the University of Kentucky Sleep Studies Department. Suite 300: 3,750 SF of office/lab space includes: 4 private offices, a large conference room, 3 smaller lab rooms, and a large open lab/warehouse area with a 10’ drive-in door. (Building is on a ground lease with The University of Kentucky. Contact agent for details.) University of Kentucky’s Coldstream Research Campus is a premier business location in the heart of the world-famous Kentucky Bluegrass Region. Once a prominent Kentucky horse farm, Coldstream’s 735-acre campus has transitioned into a hub of innovation and creativity. Today, Coldstream is home to over 50 organizations with more than 2,250 employees working in biotechnology, pharmaceuticals, equine health, and a variety of other industry sectors. Coldstream is defining the aesthetic and economic development environment for Lexington in the 21st Century and serves as the gateway to Lexington’s high-tech, higher education corridor, a 5-mile span that connects the technology and R&D companies located at Coldstream with the Bluegrass Community and Technical College, Transylvania University, Lexington’s downtown business center/entrepreneurial community, and the University of Kentucky. Adding to Coldstream’s appeal is a major recreational amenity that includes a 225-acre city park with lush green spaces, a 1.8 mile section of Lexington’s 12-mile running/bicycling Legacy Trail that connects downtown Lexington to the Kentucky Horse Park, and two large fenced in dog park areas. The Coldstream Research Campus is located at the intersection of I-75 and I-64 at exit 115 – Newtown Pike. The campus has access to redundant electrical power and high-speed data fiber is available.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$123 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

73

LAND DETAILS

LAND ACRES

1.99 AC

LAND SF

86,684 SF

ZONING

P-2

APN/PARCEL ID

38001160,38031080

ASK ABOUT THIS PROPERTY

Adam BoardmanBlock + Lot Real EstateMore Info
859-309-0099

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Adam BoardmanBlock + Lot Real EstateMore Info
859-309-0099

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.