Active

165 Midland Avenue

165 Midland Avenue, Lexington, KY 40508

1 / 24

Overview

Positioned just outside the Central Business District, this 14,000± SF commercial building offers exceptional visibility along busy Midland Avenue and direct exposure to The Legacy Trail, creating a prime signage and branding opportunity. The 26± parking spaces support customers and staff alike.

Built in 1949 and thoughtfully updated over time, the property blends character with modern functionality. Its current layout - currently a fitness facility - features expansive open areas, private offices upstairs, and three drive-in doors that enhance operational flexibility. With B-4 zoning, the building is well-suited for office, showroom, storage, or a combination of uses.

Location Description: The site sits on the corner of Midland Ave. and Corral St. adjacent to Thoroughbred Park and across the street from the new Fayette County Public Schools Career and Technical Education Building. The site has excellent proximity to Lexington’s emerging entertainment districts, the Central Business District, the UK Medical Center, and local arts and Downtown park features. The site also enjoys easy access to the events at the Convention Center, Rupp Arena, and the University of Kentucky, and the thriving East End of Downtown. The newly constructed Town Branch Commons makes the intersection of Midland and Corral pedestrian friendly and presents itself as an entrance to Downtown Lexington.

Property Highlights:

  • Non-metered street parking permitted
  • Located in the Opportunity Zone
  • Exceptional visibility
  • Five bathrooms & four showers
  • Two utility rooms with washer/dryer hookups

For Sale

Industrial

Secondary Uses: Flex Space, Mixed Use

Sale Price
$2,600,000
Price Per SF
$176.64/SF
Building Size
14,719 SF
Acres
0.69 ac
Zoning
B-4
Zoning Desc.
Wholesale And Warehouse Business
Year Built
1949
Tax ID Number
11418900
Vehicles Per Day
20,562 VPD
County
Fayette
Listed
04/28/2026
Updated
04/28/2026
Listing ID
6bcd57da
Parcel APN
11418900