Lexington, KY Commercial Real Estate for Sale

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Updated: Jul 23

Flex Warehouse with Docks

1040-1050 Eastland Drive, Lexington, KY 40505

$2,450,000

30,488 sqft 1.41 AC lot

30,488 total SF demised into three sizes and offered as 17,247 SF for lease or owner‑occupant/investment sale
Excellent office‑to‑warehouse ratio with 13.65% office space and newer renovated office areas
Warehouse features 6 docks, 4 drive‑ins, and 16' clear height
1.41 acres zoned I‑1 with concrete block construction (1970–1974)
LED lighting and wet sprinkler system

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This listing looks promising.

Here's a quick look at some key insights for

1040-1050 Eastland Drive, Lexington, KY 40505

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Est. Cap Rate

9%
Above avg (5.9%)
Est. NOI

$219K
Annual
Mortgage

$1.55M
Feb 2019
Property Type

Mixed Use
Built 1970

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Updated: Jun 25

Renovated Medical Office Building

160 Prosperous Place, Lexington, KY 40509

$1,650,000

6,840 sqft 0.57 AC lot

Two‑story medical office building with approx. 6,840 SF plus additional basement area
Completely renovated in 2021 and converted to current medical office use
First floor includes reception/waiting, nurses’ station/lab, 7 exam rooms, and 2 procedure/x‑ray rooms
Second floor has multiple private offices plus a conference room and break room, with additional shell space for expansion or buildout
Full basement is partially finished for office space with storage and overhead door access for records, equipment, or ancillary services

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Renovated Office Building with Reserved Parking

250 E Short Street, Lexington, KY 40507

$1,895,000

8,102 sqft 0.12 AC lot

Renovated in 2018 with dedicated on-site reserved parking for tenant and client access, currently fully occupied by three tenants.

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Medical Office with Basement

1830 Versailles Rd, Lexington, KY 40504

$700,000

4,890 sqft

Former medical office offering multiple offices, exam rooms, reception areas, and basement space for added utility.

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Top-Floor Office Suite Portfolio

300 E Main Street, Lexington, KY 40507

$850,000

9,717 sqft

Top-floor office offering with multiple suites and a layout supporting either owner-occupancy or tenant division.

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Historic Creative Office Building

146 E Third Street, Lexington, KY 40508

$1,750,000

6,848 sqft 0.21 AC lot

Move-in ready two-story office with renovated interiors, elevator, and dedicated parking in Downtown Lexington.

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Office Building with Reception Area

1618 Harrodsburg Road, Lexington, KY 40504

$599,000

2,800 sqft 0.28 AC lot

Converted older home with reception and waiting area, private offices, conference room, and a finished basement with work and storage space.

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Professional Office with Finished Basement

1618 Harrodsburg Road, Lexington, KY 40504

$599,000

1,980 sqft

Older home conversion with a reception and waiting area, multiple offices, and a finished basement with lab/work areas.

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Iconic Downtown Lexington Office Building

277 E High Street, Lexington, KY 40507

$3,790,000

12,684 sqft 0.39 AC lot

Highly visible office space with redevelopment potential in downtown Lexington.

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Sprinklered Bar and Nightclub Building

208 S Limestone, Lexington, KY 40508

$925,000

4,624 sqft 0.08 AC lot

Fully sprinklered building features a large two-story patio and multiple public restrooms.

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Sprinklered Nightclub-Bar Building

208 S Limestone, Lexington, KY 40507

$925,000

4,624 sqft

Fully sprinklered and well maintained with a large two-story patio, ample electric, and multiple restroom facilities.

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Downtown Lexington Mixed-Use Building

161 N Limestone, Lexington, KY 40507

$1,825,000

7,343 sqft 0.05 AC lot

Three-story renovated building in prime downtown location.

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Versatile Medical Office Building

1830 Versailles Road, Lexington, KY 40504

$700,000

4,890 sqft 0.25 AC lot

Former medical office with flexible room layout and substantial above-grade plus basement space for owner-users or investors.

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Freestanding Retail Car Wash Site

2097 Harrodsburg Rd, Lexington, KY 40504

$1,035,000

528 sqft 0.69 AC lot

Freestanding building on Harrodsburg Road with strong traffic exposure and flexible B6-P zoning for multiple retail/auto uses.

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Second-Floor Office Condo

80 Codell Drive, Lexington, KY 40509

$250,000

955 sqft

Second-floor office condo offered for sale in Lexington, KY, currently used by a photography business.

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Restaurant Opportunity on Southland Drive

351 Southland Drive, Lexington, KY 40503

$500,000

1,080 sqft 0.06 AC lot

Restaurant for sale in prime Lexington location with equipment included.

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Basement Office Suite with Conference Room

1795 Alysheba Way Ste 2202, Lexington, KY 40509

$189,000

1,000 sqft

Basement office condominium with hardwood floors, 9-foot ceilings, and dedicated reception, kitchen, and conference space.

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Office Suite with Private Offices

108 Dennis Drive, Lexington, KY 40503

$359,900

1,242 sqft 0.27 AC lot

Well-appointed office space with private offices, open work areas, and covered patio plus off-street parking.

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Restaurant Opportunity on Southland Drive

351 Southland Dr, Lexington, KY 40503

$500,000

1,080 sqft

Restaurant for sale on Southland Dr with equipment included.

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Multi-Tenant Retail Strip

372 Longview, Lexington, KY 40503

$1,100,000

9,090 sqft 0.66 AC lot

For-sale retail rental property with two buildings and five tenants under B-1 zoning.

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Equestrian Training Facility

166 Swigert Ave, Lexington, KY 40505

$1,595,000

2,069 sqft 5.00 AC lot

Equestrian property on approximately 5 acres with a 120' x 200' irrigated GGT footing arena and 10-matted stalls.

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Multi-Tenant Retail Building

763-765 Lane Allen Road, Lexington, KY 40504

$650,000

2,654 sqft 0.21 AC lot

Multi-tenant retail building with two private entrances and renovated interior spaces, plus below-grade storage and meeting space.

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Professional Office Suite with Private Entrances

2-3131 Custer Dr, Lexington, KY 40517

$220,000

1,152 sqft

Single-story office suite in a quiet office condo community featuring vaulted ceilings and six enclosed private offices.

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Vaulted Ceiling Office Condo Suite

3131 Custer Drive, Lexington, KY 40517

$220,000

1,152 sqft 0.05 AC lot

Single-story suite with six private offices, two restrooms, and two private entrances in a quiet office condo community.

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Lexington, KY Commercial Real Estate Market Trends and Statistics

Explore 182 commercial real estate for sale in Lexington, KY, showcased through 182 active listings on our real estate platform. These investment opportunities span a total of 2,474,665 square feet of properties for sale, with an estimated market value of $168,713,100.

Sale prices for business properties in Lexington, KY start at $45,000, averaging $2,135,608, and reaching up to $25,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 322K

Population Growth (5Y) +1.0%

Median Household Income $71,202

College Educated 25.6%

High-Yield Neighborhoods for Investment

Identify Lexington submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
40517	$111.3K
40510	$399.9K
40515	$431.7K
40504	$505K
40503	$628.5K

Taxes & Financing

Tax Rate (average for all types) 1.22%

Property Tax per SF $11.25 per SF

Tax Rate vs County Average 0.01 pp below county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Fayette County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Lexington fall within the 100,000+ square foot range.

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