16,850 SF Stand Alone Industrial Building 516-520 Codell Dr 16 850 pi² Industriel Immeuble Lexington, KY 40509 2 699 775 $ CAD (160,22 $ CAD/pi²)

SVN Stone Commercial Real Estate is pleased to present FOR SALE, 518 Codell Drive in Lexington, Kentucky. This 16,850 square foot facility sits on 0.64 acres and is offered at $1,950,000. Formerly utilized as a pharmaceutical manufacturing facility, the property is now primarily configured for office and laboratory use, with warehouse available for storage / fulfillment. Portions of the current office space can be removed, making it a highly versatile opportunity for a range of users.
The building offers excellent functionality with two (2) grade-level drive-in doors and one (1) dock-height loading door, three-phase power, and full climate-control capabilities throughout. Dedicated off-street parking is available, providing convenience for employees and visitors.
Strategically located in a well-established Palumbo industrial corridor, the property provides easy access to New Circle Road and less than 5 miles to I-75, making it well-connected to the greater Central Kentucky region.
Currently, the property is occupied under a one-year lease expiring in Q3 2026, offering income security in the near term and flexibility for a new owner in the future.