Redevelopment Opportunity Near Downtown | Lexington, KY
331-341 Henry St, Lexington, KY 40508

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
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






