REIT Sale | 42K SF Former FedEx Ground | 7 Acres | 2012 Built

Highlights:

• 42,830 SF Crossdock/Distribution, Industrial Facility (Former FedEx Ground) on 7.27 Acres Available Below Replacement Cost
• Built in 2012; Fully Fenced/Secured Site Features 8 Dock High Doors, 11 Back-In Doors, and 3 Drive-In Doors
• Prime Frontage and Visibility on Coal Fields Industrial Drive with Easy Access to KY-15 Traffic Counts of 5,584 VPD
• Attractive Demographics with Annual Household Income of ±$64,593 within a 5-Mile Radius
• No Zoning Restrictions | Federal Opportunity Zone

Description:

Ri Marketplace Online Auction November 17th-19th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2835/reit-sale-42k-sf-former-fedex-ground-7-acres-2012-built?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=industrial_2835

Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing industrial/flex facility located at 918 Coal Fields Industrial Drive in Chavies, Kentucky 41727. Previously occupied by FedEx Ground, the Property is offered significantly below replacement cost, presenting an attractive opportunity for owner-users or investors to acquire a highly functional and visible asset at a compelling basis.

Constructed in 2012, the Property consists of a ±42,830-square-foot cross-dock distribution facility situated on a ±7.27-acre parcel (±316,683 SF) with 71 surface parking spaces (65 regular spaces and 6 handicap spaces). The building features a flexible industrial configuration with ±3,197 SF of built-out office space, an expansive warehouse area, and multiple loading options including 8 dock-height doors, 11 back-in doors, and 3 drive-in doors to accommodate a variety of distribution, storage, or light manufacturing uses. The site offers high security with a fully fenced perimeter and controlled access points, supporting logistics and freight operations. Positioned within Coal Fields Industrial Park, the Property benefits from a hard-corner location offering approximately 213 feet of frontage along Coal Fields Industrial Drive and direct ingress/egress via Woodmark Way. Located less than 3 miles from Wendell H. Ford Airport (KCPF), the Property offers excellent regional connectivity and accessibility. With no zoning restrictions or regulatory limitations in Perry County, the site supports a wide range of commercial, industrial, and flex uses, enhancing its redevelopment and re-tenanting potential. Previously leased on a net basis to FedEx Ground, which relocated to a nearby build-to-suit facility, the asset represents a prime value-add opportunity with potential for significant upside through long-term lease-up at market rates (CoStar-estimated industrial rents ranging between ±$6-$7/SF). Combining strong infrastructure, strategic positioning, and quality improvements, the Property offers investors and owner-users alike a cost-effective, well-located industrial opportunity in Eastern Kentucky’s expanding logistics corridor.

The Property is strategically located in a federal opportunity zone in Chavies, Kentucky, within Perry County and the Lexington Designated Market Area (DMA), a key logistics and employment hub in the Eastern Kentucky Appalachian region. Positioned approximately ±100 miles southeast of Lexington and ±140 miles northwest of Knoxville, Tennessee, Chavies benefits from direct regional access via KY-15 (±5,584 VPD), KY-28 (±3,207 VPD), and the Hal Rogers Parkway (KY-80), connecting to major population and industrial centers throughout Eastern Kentucky and the broader Southeast. The Property lies within the Coal Fields Industrial Park, one of Perry County’s primary industrial corridors, which hosts a mix of distribution, manufacturing, and energy-related operations. Proximity to Wendell H. Ford Airport (KCPF), just ±3 miles from the Property, enhances connectivity for freight and small-cargo transport, while access to nearby U.S. Highway 421 and the Mountain Parkway facilitates broader regional movement of goods and materials. The surrounding economy is supported by manufacturing, logistics, mining services, and energy-related industries, along with a growing emphasis on advanced manufacturing and workforce development. Perry County continues to attract investment through its pro-business environment, low operating costs, and access to skilled labor drawn from local technical schools and Eastern Kentucky University’s regional campuses. Within a 5-mile radius, the area features a balanced mix of industrial users, service providers, and residential communities, supporting stable employment and economic activity. The surrounding trade area is home to nearly 5,000 residents with an average household income (AHHI) of approximately $65,000. With its strategic location, unrestricted zoning, and proximity to key transportation routes and airport access, the Property is exceptionally well-positioned for continued industrial, logistics, or redevelopment use within one of Eastern Kentucky’s most accessible and evolving trade corridors.


Lamar P. Fisher
Fisher Auction Company Inc.
License: 257072
The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

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