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Redevelopment Opportunity Near Downtown | Lexington, KY

331-341 Henry St, Lexington, KY 40508

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Overview

We are pleased to present a rare industrial redevelopment opportunity in downtown Lexington. The property is located on Henry Street in Lexington, Kentucky, situated within the industrial and mixed-use corridor just north-northwest of Downtown Lexington’s core. The site is part of a string of industrial and warehouse-type properties along Henry Street that benefit from direct access to the city’s primary transportation network and proximate urban amenities. Henry Street is a key connector within Lexington’s urban grid, located just a short distance from Main Street, Short Street, and Broadway, and is easily accessible from major thoroughfares including New Circle Road and I-75 to the north and east, facilitating efficient regional logistics and workforce access.

  • +/-10,496 SF office/warehouse space with +/-1,148 SF basement
  • Currently functioning grain operation with +/-.93 AC of land in downtown Lexington
  • Redevelopment opportunity for commercial and general purpose business uses within a revitalizing mixed-use neighborhood in close proximity to the CBD and multiple primary area corridors
  • Located in the Opportunity Zone and adaptive reuse overlay option
  • Surrounded by multi-family and mixed-use developments with convenient proximity to New Circle Road and I-75
  • Site improvements include +/-2,000 SF steel building with private offices, restrooms and drive-thru garage space in addition to a multi-story grain elevator with 200,000-300,000 bushel capacity, a 100,000 bushel capacity cylinderical grain silo and processing equipment
  • Digital tractor-trailer scale that is legal for trade
  • Zoned I-1, Light Industrial
  • Sale Price: $995,000

For Sale

Land
Industrial

Secondary Uses: Industrial, Light Industrial

Sale Price
$995,000
Price Per Acre
$1.1M/ac
Building Size
10,496 SF
Warehouse SF
10,496 SF
Acres
0.93 ac
Zoning
I-1
Zoning Desc.
Light Industrial
Former Tenant
Bluegrass Grain
In Opportunity Zone
Yes
Topography
Level
Nearest Airport
Blue Grass Airport
County
Fayette
Available
01/07/2026
Listed
01/07/2026
Updated
01/27/2026
Listing ID
ea02b222
Parcel APN
13200150
Additional Parcel APNs

11268300