16,850 SF Stand Alone Industrial Building in Lexington, KY

We are 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.

• $1,950,000
• 16,850 Sq. Ft.
• $115 PSF
• Zoning I-1
• Grade level Doors (2)
• Dock Height Door (1)