Versailles, Kentucky: A Premier Destination for Commercial Real Estate

Introduction

Versailles, Kentucky, is a burgeoning hotspot for commercial real estate (CRE) investment. Nestled in the heart of the Bluegrass Region, this city is a strategic locale for various industries, making it an attractive destination for CRE professionals. With a population of approximately 9,500, Versailles offers a small-town charm with big-city potential. Its robust agricultural economy, bolstered by a growing manufacturing and logistics sector, positions it uniquely in the CRE landscape.

Economic and Industry Overview

The economy of Versailles is anchored by agriculture, manufacturing, and logistics. The city's proximity to Lexington and major transportation routes has spurred demand for industrial and office spaces. Notably, the presence of large-scale distilleries and equine-related businesses drives the need for specialized property types. The Kentucky Cabinet for Economic Development actively supports the region's growth through various initiatives and incentives.

Strategic Location and Transportation Infrastructure

Versailles boasts a strategic location with access to major highways such as U.S. Route 60 and Kentucky Route 33, facilitating efficient logistics and distribution. The city is approximately 15 miles from Lexington’s Blue Grass Airport, providing vital air connectivity. Additionally, the nearby Norfolk Southern Railway enhances its appeal as a logistics hub. For more information, visit the Kentucky Transportation Cabinet.

Commercial Real Estate Inventory & Zoning

Versailles has several key CRE submarkets, including its Central Business District (CBD) and industrial corridors along U.S. Route 60. The city's zoning policies encourage diverse asset classes, from industrial and retail to office and medical spaces. Recent zoning changes have introduced incentives for developers, enhancing opportunities for mixed-use developments. Explore Versailles City Zoning Maps for detailed insights.

Major Employers and Institutions

Top employers in Versailles include Woodford Reserve Distillery, Osram Sylvania, and More Than A Bakery, which significantly influence CRE demand. The presence of Midway University and nearby government centers further boosts the city's economic activity. Visit the Woodford County Economic Development Authority for a comprehensive business directory.

Notable Commercial Developments & Projects

Versailles is witnessing exciting developments, such as the Midway Station mixed-use project and the revitalization of its historic downtown. These projects highlight public-private partnerships and are located within federally designated Opportunity Zones, offering attractive incentives for investors. Check the Kentucky Cabinet for Economic Development Opportunity Zones for more details.

Building Permits, Planning, and Development Tools

For developers and investors, Versailles offers an array of resources:

• City of Versailles Building and Safety Department
• Online Permitting Portal
• GIS Parcel Viewer
• Planning Commission
• Development Code Online

Market Data & Economic Reports

Versailles provides access to comprehensive market data through resources like Census.gov and the city's Open Data Portal. Brevitas leverages AI-powered aggregation of public data and internal insights to deliver unparalleled market intelligence. Explore our Versailles CRE Dashboard for real-time data analysis.

Why Use Brevitas for Versailles, Kentucky CRE?

Brevitas stands as the premier marketplace for CRE in Versailles, offering:

• AI-driven CRE discovery
• Real-time market alerts
• Smart property pages
• Dealroom collaboration

Our platform features auto-generated listing pages, email and landing page tools, and seamless integration with brokers and developers. With exclusive listings and premium exposure, Brevitas is your go-to resource for commercial real estate in Versailles, Kentucky.

For more information and to explore opportunities in Versailles, Kentucky, visit Brevitas today!