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    Lexington, KY
    Flex Space

    Lexington, KY Flex Space for Sale

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    Single-Story Automotive Repair Garage
    Updated: Jun 5
    Single-Story Automotive Repair Garage

    417 South Mill Street, Lexington, KY 40508

    $849,000
    4,332 sqft 0.23 AC lot
    0.23‑acre rectangular R‑2 zoned parcel with alley access in Lexington’s mixed‑use urban core
    +-4,300 SF single‑story brick/concrete block garage building with open bays and garage doors on Mill and Plunkett Streets
    Configured for automotive repair with two small offices, shop, shop restroom, and paint booth
    Shop is temperature controlled with two large suspended gas heaters and cross breeze from both bay doors opening
    Includes mezzanine for light storage; offices feature electric radiant baseboard heaters, a gas stove, and window cooling units
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    This listing looks promising.

    Here's a quick look at some key insights for

    417 South Mill Street, Lexington, KY 40508

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    • Est. Cap Rate

      4.9%
      NOI ÷ price

    • Est. NOI

      $41K
      Annual

    • Mortgage

      $258K
      Jul 2019

    • Last Sold

      Jun 2025
      $700K

    • Property Type

      Auto Repair, Garage
      Built 1960
    View Property Analytics
    Updated Flex Building in Lexington
    Updated: Apr 13
    Updated Flex Building in Lexington

    1040 Manchester Street, Lexington, KY 40508

    $1,250,000
    11,578 sqft 0.80 AC lot
    High demand/low supply 11,578 SF flex building on approximately 1 acre in the desirable Manchester Street corridor.
    Functional division of polished office space (conference rooms, restrooms, copy room) and warehouse space with loading dock and large truck access.
    Central Lexington location near New Circle Road, Downtown, and Interstate access in the Distillery District.
    Kohler diesel back up generator powers the entire building, plus 400 amp power.
    Two walk‑in coolers (455 SF and 375 SF), detached warehouse, and detached garage.
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    I-1 Zoned Flex Warehouse
    I-1 Zoned Flex Warehouse

    112 Westhampton Drive, Lexington, KY 40511

    $1,650,000
    10,175 sqft 1.46 AC lot

    Flex warehouse includes climate-controlled office, lab/clean room, and warehouse space with a drive-in door.

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    Light Industrial Warehouse with Office
    Light Industrial Warehouse with Office

    1095 Majaun Rd, Lexington, KY 40511

    Contact for pricing
    5,320 sqft

    Zoned I-1 property with office space, warehouse area, and secure outdoor yard for equipment or vehicle storage.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Industrial Flex Space Available
    Industrial Flex Space Available

    1050 Enterprise Dr, Lexington, KY 40510

    Contact for pricing
    3,500 sqft

    Versatile industrial flex space for sublease in Lexington, Kentucky.

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    Updated Flex Warehouse
    Updated Flex Warehouse

    4976 Old Versailles Rd, Lexington, KY 40510

    $399,900
    3,200 sqft

    B-1 zoned flex warehouse for sale with updated roof, improved floor system, and gas heat/central air.

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    Flex Space with Mezzanine
    Flex Space with Mezzanine

    470 Conway Court A-4, Lexington, KY 40511

    Contact for pricing
    1,602 sqft 1.93 AC lot

    1602 SF flex space with office and mezzanine.

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    Based on your search, we've compiled 22 Potential Opportunities for your consideration. Besides 7 Active listings in Lexington, KY, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 7 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Block Flex Warehouse with Parking
    Block Flex Warehouse with Parking

    9 Reilly Road, Frankfort, KY 40601

    $529,900
    4,688 sqft 0.75 AC lot

    Block flex building on a fully paved 0.75-acre lot with covered parking, multiple entrances, and office restroom support.

    View details
    Steel-Framed Metal Warehouse Building
    Steel-Framed Metal Warehouse Building

    3464 Louisville Road, Frankfort, KY 40601

    $595,900
    10,801 sqft 1.80 AC lot

    Steel-framed metal warehouse on 1.8+/- acres with concrete flooring and 3-phase electric, zoned General Commercial.

    View details
    Versatile Commercial Facility on Large Lot
    Versatile Commercial Facility on Large Lot

    101 Hi Lane Drive, Richmond, KY 40475

    $2,300,000
    18,750 sqft 3.53 AC lot

    18,750 SF commercial facility on 3.533 acres for sale.

    View details
    Richmond, KY Land For Sale
    Richmond, KY Land For Sale

    1135 Richmond Green Court, Richmond, KY 40475

    $375,000
    0.77 AC lot

    0.77 acres in Merchant Place, ideal for various businesses.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Light Industrial Land Parcel
    Light Industrial Land Parcel

    Black Oak Lane lot: 7, Bowling Green, KY 42103

    $350,000
    0.75 AC lot

    Flexible light-industrial lots in Black Oak Industrial Park support small warehouses, contractor facilities, and flex/service uses.

    View details
    36+ Acres in Tipp City
    36+ Acres in Tipp City

    6201 S Co Rd 25A, Tipp City, OH 45371

    $1,895,000
    36.43 AC lot

    36+ acres of commercial land in the North Dayton/Airport Market.

    View details
    Industrial Redevelopment Land Site
    Industrial Redevelopment Land Site

    1744 S County Road 1050 E, Indianapolis, IN 46231

    $650,000
    4.24 AC lot

    Redevelopment land totaling 4.24 acres zoned for industrial use with utilities on or near the site and access potential.

    View details
    Commercial Land Parcel with Concrete Improvements
    Commercial Land Parcel with Concrete Improvements

    2900 N Walnut Street, Muncie, IN 47303

    $399,000
    4.91 AC lot

    Commercially zoned 4.91-acre parcel with substantial road frontage, fenced area, and existing concrete improvements.

    View details

    Off-Market Properties in Lexington, KY

    Consider similar Off-Market properties in Lexington, KY. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    188 Turner Cmns
    Distribution properties

    188 Turner Cmns, Lexington, KY 40511

    Value Estimation by Request
    38,200 sqft
    View details
    144 Turner Cmns
    Flex space

    144 Turner Cmns, Lexington, KY 40508

    Value Estimation by Request
    18,264 sqft
    View details
    125 Turner Cmns
    Office Units

    125 Turner Cmns, Lexington, KY 40508

    Value Estimation by Request
    30,000 sqft 40.00 AC lot
    View details
    1109-1113 Commercial Dr
    Distribution properties

    1109-1113 Commercial Dr, Lexington, KY 40505

    Value Estimation by Request
    10,000 sqft
    View details
    262-264 Vine St
    Distribution properties

    262-264 Vine St, Lexington, KY 40507

    Value Estimation by Request
    4,400 sqft
    View details
    1101 Providence Pl Pkwy
    Flex space

    1101 Providence Pl Pkwy, Lexington, KY 40511

    Value Estimation by Request
    375,000 sqft
    View details
    2502 Spurr Rd
    Distribution properties

    2502 Spurr Rd, Lexington, KY 40511

    Value Estimation by Request
    200,000 sqft
    View details

    Lexington, KY Flex Space Market Trends and Statistics

    Explore 14 flex space for sale in Lexington, KY, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 29,285 square feet of properties for sale, with an estimated market value of $4,148,900.

    Sale prices for business spaces in Lexington, KY start at $399,900, averaging $1,037,225, and reaching up to $1,650,000 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Flex space 33
    Manufacturing properties 5
    Distribution centers 3

    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
    40510 $399.9K
    40511 $550K
    40508 $1M

    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)

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    Most Searched ZIP Codes in Lexington, KY

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    • 40508
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